Say OK TATA to Losses in 3 easy steps. These have been tried and tested by many companies in the recessions across America, Europe, the rest of the world and now the trend seems to be catching on in India.
1. Think big, start big operations, hire thousands of people, acquire companies and take huge loans. If you or your comapny sinks, everyone else goes down too
2. Keep the lid on the losses till your cover is blown. Let the losses mount undetected for as long as you can
3. Blame the losses on high taxes, business stipulations, economic policies or any other policies you can think of
The result: Beggars can’t be choosers but big beggars are presented with an embarrassment of riches.