The management that rode a Ferrari

Equitymaster.com

Those deep into reading spiritual books, the title mentioned above would have certainly struck a chord or two. After all, it borrows pretty heavily from a well-known book about a monk and his Ferrari. Of course, the relationship is shown to be more symbolic than real in the book. 

But we are certainly not tackling spirituality here. So, what is the connection between a management of a company and a Ferrari you would ask?

You see, we went to visit this firm in one of India's top cities yesterday. And we happened to like most things about the company and its management. It has been a profitably-growing enterprise and may well continue to add to the shareholder wealth over the long term. 

However, there is one thing that put us off a bit. Parked right outside the company office were a couple of spanking new automobiles. Not exactly Ferraris, but the Jaguars and Porsches of the world. Upon enquiring, we came to know that these were proud possessions of the top management of the company.