Thursday, August 22, 2013

The Privatisation of Water - A business perspective

The other day I had the opportunity to watch the controversial video of Peter Brabeck-Letmathe, Nestle's current CEO who claimed that water should be privatised and that the stand that some NGOs take to 'claim water as a human right' to be 'extreme'.

No doubt this statement provoked much anger from individuals and NGOs from all around the world and thus Nestle's corporate communication went into recovery mode, clarifying that Mr. Brabeck-Letmathe does indeed believe water is a human right.

No doubt, water is an important resource to all human beings, if it is not the most important resource of all. That being said, while every human being has a right to clean, potable (drinkable) water, clean water is but a scarce resource and like all resources is subject to market fluctuations.

Tuesday, August 20, 2013

Accounting Students - You don't HAVE to become Accountants

After a year of no updates, (lets just say it has been a very long and eventful year), I have decided to restart this blog, mainly because of the 10k+ hits I have been receiving lately. I suppose with so many people visiting my blog, perhaps it would be best if I started adding more posts.

So, to restart this blog, lets talk about something a bit controversial, that's right! You saw the title, just because you have spent three years of your life learning financial reporting, balancing accounts and memorising IFRSs, does NOT mean you should spend the rest of your life doing so. Heck, I don't even think your first job should even be in an accounting firm!