http://www.youtube.com/watch?v=jgNrM-3EKl4

Just like the old-boy (read white male) prejudice is made worse, by the residual effects slavery, Jim Crow, segregation etc..etc. In fact there was Harvard University on the effect of “ethnic” names on employment chances, and the one with the “real,American” names got selected before the “ethnic” ones, for the same university. The old boy network in America is slowly being diminished (I think).

Sure, LOL, For example there are just 2 black head coaches in college football. ESPN did a piece on that. http://sports.espn.go.com/ncf/news/story?id=2783335. In the Fortune 500 CEO list only four are black http://www.msnbc.msn.com/id/21644144/ Yeah the old boy network is being dismantled (in your dreams that is).

The president is an African-American who pulled himself up from the bootstraps.

The president is WAS an African-American who pulled himself up from the bootstraps.

The head of Citibank is an Indian The head of Wipro is a Muslim

The head of Pepsi is an Indian woman The head of Biocon is an Indian woman.

The incoming surgeon general will be an Indian The head of the Congress Party is a white Italian immigrant

I think America may be much more open to diversity and is in some ways a more meritocratic society.

Yeah, Tom Tancredo and Lou “damn job-stealing furriners” Dobbs might have something to say on that

I never use such language here but you are an idiot, I went to school with plenty of people from Hyderabad and must say you are way off base.

is the clannishness of Indian business culture any worse than the cliqueishness (read old boy networks) of the American business culture. Nepotism is replaced here in the US by an insider sentiment. Correct me if I am wrong here.

Could it be worse because of the caste system?

The old boy network in America is slowly being diminished (I think).

The president is an African-American who pulled himself up from the bootstraps. The head of Citibank is an Indian The head of Pepsi is an Indian woman The incoming surgeon general will be an Indian

I think America may be much more open to diversity and is in some ways a more meritocratic society.

If you think that \”India Shining\” was a myth then why worry about the lie being tarnished?

Can you imagine where India, Phillipines and english speaking Africa would be today without the enormous advantages the english language bequeaths them?

I don’t think SOX really helps to reduce the likelihood of fraud. Sec. 404 is a controls attestation. And any control can be circumvented in the presense of collusion. Sec 302 is a management attestation, that is really only worth the paper on which it’s written. In the case of Satyam, it’s clear that if controls were in place, they were circumvented, and the management attestations were false.