How come the death of Ratan Tata is something that so many people are paying enormous attention to? He was born into a wealthy family. For him, acquiring companies is like buying lollipops since he has his family’s money. He pays his employees (TCS) pennies and working conditions are shit. Philanthropy is a cakewalk for generationally wealthy families who anyway practice philanthropy in exchange for fame and goodwill of society (there is no such thing as no-strings-attached philanthropy)
I don’t even consume Tata Salt.
Why are you vehemently celebrating someone who is not even a self made entrepreneur/industrialist? It is like celebrating/recognising the death of the son of a Rothschild or a Carnegie.
PS: All those who are triggered by this post please take a deep breath and drink a glass of water.
To explain.
It's not that 'Philanthropy is a cakewalk'. Tata is set up in a way that much of the profits go to Tata Trust (60% from what I read). This is a significant departure from the philanthropy that any other business does.
Business makes X. Founders make 10-20% of X. They do philanthropy on this. Tata does 0.6 of X. It's very different.
This philanthropy has led to some very great institutions in India (TIFR, Tata Cancer Research, Space etc.) Hence much greater love than Rothschild/Carnegie etc.
Because the company feels fundamentally different and has a track record to show for it. Plus the person was always respected for his presence.
Ultimately, there will be black spots in a business. People will be underpaid. And so we should not put them on the highest pedestal. Just appreciate for being better than 99% of businessmen.
How much percentile of your salary goes to Philanthropy
all salaried employees pay taxes first, then spend thier own expenses. that is used to fund freebies. in a manner of speaking that's phliantrophy.
@ITLabor Bhai jo taxes kat rhe h wo philanthropy hi hai. Wo bhi not by choice. Jin logo ko wo paisa milta hai, wo hi mauka mile to hame kaat khayenge. Imagine 1% logo se tumhe public facilities milti hai,and then tumhi un 1% logo ki uda rahe ho.
Also, if you don't know the difference between percentile and percentage, you are probably at the right company.
Yes he was born in a rich and wealthy family, but he did not do all the work only for himself.
He didn't keep his money only to himself. That's what makes him different from other entrepreneurs. Unlike Ambani, he never showed-off his wealth, instead he used it for the well being of others.
This is the reason people are mourning his death.
There's a lot of difference between him and other industrialists. He opened healthcare, old age home, pet hospital and what not.
He only deserves respect and nothing else.
PS: Please take a deep breath, read about him and other industrialists and drink a glass of water to understand the differences.
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