hipka said:
However my basic assumption is that top notch indians from premier institutes land up in the US, so we should have seen at least one CEO from the top 50 companies.
As I mentioned earlier, the Indians landing in US in good volume is very recent event. Secondly, there are other factors - whether those top notch Indians have desires to be CEO at all (and take steps accordingly). In general, when someone have some ambition to become something (CEO, engineer, doctor or teacher) race can play a role. Normally kids (or person) wants to be just like any other successful people around him/her (also driven by economic condition in some other countries like India). That's why athelete's child become athelete. If you go to any good school, you will see most of the engineering and medical students are asian or Indian. On the other hand, most of the art/history/literature students are Americans. But it's unfair to say that art/literature departments have discrimination against Asian/Indians and engineering departments have discrimination against Americans. It's just a matter of students aspiration who happen to part of a particular race. Same thing applies for CEO's case. There are not many Indian takes steps to become CEOs (just my guess). That itself reduces the chance of becoming Indian CEO of top 50 companies.
Secondly, most of the CEOs top 500 companies (or 50) came from either financial backgrounds or manufacturing backgrounds (not from hitech background where there are many Indians). Even in many hi-tech companies, CEOs have long past experience in other industries. Example, HP's CEO Mark Hurd. So for the sake of argument, if you want to talk about discrimination, it's a discrimination on whole engineering community - whether it's american, asian or indian. So I don't think race plays a factor here.
Thirdly, American is an economy of 200+ years old. Obviously many races participated in this economy and made their own spaces. Indians are very new insertion into this economy - mostly as engineers. They are yet to get a wide spectrum in many other top management frields. I am sure things will change in next 50 years.
BTW, most of the chain budget motel owners are Indians. Those owners came from a particular region of India and they are very good at doing that kind of businesses. In this case, local American people accuse these chains for reverse discrimination. I guess while traveling you came across motels with sign "Owned and run by American".