Category Archives: Etc.

Five Leaders on top

Whether you are scaling the world’s fourth-highest summit, running the world’s second-largest company, or trying to restore the tarnished reputation of a government-backed mortgage securities company, some leadership traits seem to be universal. These include, for example, a belief in teamwork and the ability to look beyond the moment to map a course for the future. In this section, Knowledge@Wharton reports on recent conversations with, or presentations by, a diverse group of leaders, including Microsoft CEO Steve Ballmer; Thia Breen, president of Estee Lauder Americas; Richard Syron, CEO of Freddie Mac; Richard Fuld, CEO of Lehman Brothers, and Rodrigo Jordan, chairman of Chile’s National Poverty Foundation and a world-class mountaineer.

KnowledgeATWharton has more

Bottom Of the Pyramid and Selco India

Selco’s customers range from poor daily-wage laborers to institutions like schools and seminaries. All buy solar panels at the same rate: about $450 for a 40-watt system that can light several 7-watt bulbs for four hours between charges.

To make it work, Selco had to persuade rural banks to lend hundreds of dollars to people, like the rose pickers, who have almost no money – a tough sell. “Rural people don’t pay, I was told,” Hande recalls. Now fewer than 10 percent of his customers default, and Indian lenders have about $10 million available to rural customers for solar financing.

More at Business2.0

Related links
   Selco India
   The Fortune at the Bottom of the Pyramid