Heat over air-conditioning

Little things can sometimes trigger the biggest of revolts, even in waning organisations like the Delhi Stock Exchange (DSE). The DSE is witnessing an uproar with some shareholders challenging the management's decisions. They have even managed to reject the exchange's annual accounts. It all started with an air-conditioner. Some time ago, the management had stopped the air-conditioning facility at the stock exchange's old premises where some of the broker-shareholders had their offices. The annual expense of Rs 20 lakh was too much to foot for the defunct exchange, the management had reasoned then. Now, brokers have turned the tables on the management, questioning the rationale of having high-cost staff and innumerable board meetings and spending lakhs of rupees on sitting fees for those meetings when it could not afford an electricity bill.