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WELCOME TO THE NEW AGE WAR OF WORDS
SUTANU GURU ANALYSES HOW ACTIVISM IS EMERGING AS ONE OF THE BIGGEST CHALLENGES FOR CEOS IN THE 21ST CENTURY. HE ALSO ARGUES HOW ACTIVISM HAS OFTEN ENDED UP SAVING CAPITALISM
Power corrupts and aboslute power often corrodes common sense. No matter what your ideology, you will agree that this is one of the fundamental lessons – or maxims if you please — that has literally b....
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A WHOLE NEW AGE OF CORPORATE DHARMA
BE IT LEE SCOTT, RICHARD PARSONS, AKIO TOYODA OR HOWARD SCHULTZ, CEOS OF THE WORLD TODAY CAN ONLY IGNORE STAKE HOLDER ACTIVISM AT THEIR OWN PERIL
It started as a movement and soon became an industry. Today the activism ‘industry’ is composed of individuals and organisations that, in fact, make a living from activism. In the middle of all this, ....
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RELIANCE POWER : AN ACTIVISM PRIMER
THE RELIANCE POWER IPO THAT BECAME INDIA’S BIGGEST EVER IPO, SAW INVESTOR ACTIVISM INFLUENCE PROMOTER ANIL AMBANI TO DO SOMETHING INDIA RARELY WITNESSES – DILUTE HIS STAKE TO SUPPORT INVESTORS
On February 11, 2008, investors operating in the Indian stock market short-circuited Anil Ambani group company Reliance Power’s maiden appearance on the bourses. After accomplishing the country’s bigg....
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A PAPER TRAIL THAT LEADS TO A SURVEY!
POSCO WAS TRULY CAUGHT UNAWARES BY THE QUANTUM OF OPPOSITION FOR THE STEEL PROJECT. RECENT TRENDS PROVIDE HOPE FOR A BREAK IN THE DEADLOCK
Finally, a silver lining has appeared for the gigantic $12 billion POSCO project in India, which has caught the fancy of one and all. Success for the project has proved elusive ever since it was conce....
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“GOVERNMENT SHOULD IDENTIFY SITES FIRST”
POSCO INDIA’S VIKASH SHARAN DISCUSSES AT LENGTH WITH VIRAT BAHRI OF B&E ABOUT THE PROBLEMS THAT PLAGUE GREENFIELD PROJECTS IN INDIA AND HOW POLICY MAKERS CAN PLAY A MAJOR ROLE
B&E: The kind of activism that POSCO is facing become much more prominent in India in re3cent times. Your views.
Vikash Sharan (VS):
When you are talking in context of India, there are two....
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NANO’S SUMO BITE!
THE SINGUR STANDOFF IS JUST THE MOST PROMINENT EXAMPLE OF HOW THE FALLACY OF ASSUMPTION CAN BE DANGEROUS IN A DEMOCRACY! WRITES ANIRUDDHA BANERJEE
Little more than two years back, Singur — a small town in Hoogly district of West Bengal — grabbed media attention for a historic standoff, which is still what we’d call ‘raw nerve news’ not only in I....
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HOW NIYAMGIRI BECAME A GLOBAL HOT SPOT
SLATED TO BE A MAJOR GAME CHANGER, THE NIYAMGIRI MINING PROJECT CONTINUES TO TAKE A TOLL ON TIME, MONEY AND PATIENCE FOR VEDANTA. WHERE DID THEY GO WRONG?
While planning mining activity in India, the actual operational intricacies of the mining hardly seem to be issues at all, compared with the larger issues that are giving so many CEOs sleepless nights....
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A TOUGH TERRAIN, EVERY INCH OF THE WAY
RELIANCE’S SEZ PLANS AT RAIGAD ARE YET TO RECEIVE SUPPORT FROM THE FARMERS THERE, WHO FEAR LOSING THEIR LAND AND LIVELIHOOD. APPRARENTLY, THERE IS A SERIOUS CRISIS OF CONFIDENCE
Land acquisition issues with companies are becoming typical David-Goliath battles. Ironically, size and strength work to Goliath’s disadvantage in these battles, since it greatly enhances the appeal o....
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THE FIRING THAT BACKFIRED!
JET AIRWAYS FIRED AND RE-HIRED THOUSANDS OF EMPLOYEES AFTER MUCH DRAMA IN LATE 2008. SO WAS THE INCIDENT A WAKE-UP CALL FOR THOSE WHO DISBELIEVED IN THE POWER OF EMPLOYEE ACTIVISM?
Many would take it as a minor hiccup today, but Oman Airways’ Neha Jalan is still trying to bury her hag-ridden experience on the night of October 13, 2008. Then an air hostess with Jet Airways (for o....
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IT WAS INDEED A ‘GOLDEN HANDSHAKE’
THE VRS LAUNCHED BY PSBS IN 2000 LEFT MANY EMPLOYEES DISGRUNTLED. THOUGH SBI’S EXERCISE TOO SUFFERED FROM THE SYNDROME, IT WAS CONSIDERED ONE OF THE BETTER MANAGED ONES AMONG PSBS
As banking reform gathered pace in the mid ‘90s, it became more obvious that the public sector banks (PSBs) in India could no longer afford to be overstaffed. They needed to trim down if they wanted t....
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PRESENT PERFECT, AND YET FUTURE TENSE!
BHEL WAS ABLE TO PREMPTIVELY SEE AN EXCESS MANPOWER BURDEN AND RIGHTSIZE IT TO PERFECTION. IN FACT, IT PROVED TO BE MORE PERFECT THAN THEY HAD ACCOUNTED FOR!
Flab doesn’t pay, be it an individual or a company (w.r.t. payrolls for the latter). It becomes extremely tricky to handle issues like salary cuts, pay packages, layoffs, cutting down retirement benef....
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THE MIDDLE PATH APPROACH
IT’S NEITHER AN EXTREME OF ADVENTURISM NOR AN EXTREME OF CONSERVATISM, THE APPROACH THAT INDIA’S LARGEST PRIVATE SECTOR BANK, ICICI BANK, NOW SEEMS TO FOLLOW IS THE MIDDLE PATH
It was on May 1, 2009, when Chanda D. Kochhar took the reins of ICICI Bank from her mentor Kundapur Vaman Kamath who had transformed ICICI – a crumbling development financial institution – to India’s ....
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GLOBAL GIANTS, LOCAL PROBLEMS
POST THE PAST PR DISASTERS FOR COCA COLA & CADBURY – WHICH THEY ENDED UP MANAGING WELL – THE CURRENT TIMES CHURN UP NEWER ISSUES, THE WATER ISSUE AT PALAKKAD BEING ONE OF THEM FOR COKE
Financially Coca-Cola India Inc. had a good year for the year ended 2009-10, but the beginning of this fiscal year hasn’t met that description. And this time, it was not about the time-honoured pestic....
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WATER, SWEET WATER...
THE SIGNIFICANT DROP IN GROUNDWATER LEVELS DUE TO COMMERCIAL ACTIVITIES, CONTINUES TO BE THE REASON FOR WORKABLE ISSUES BECOMING JUDICIAL MATTERS
Even as India experienced its worst drought in the last 40 years in 2009, the Coca-Cola Company continued to extract precious groundwater from water-stressed areas across India – severely hampering ac....
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DO YOU KNOW YOUR POLITICIAN THAT WELL?
THE APEX COURT, ELECTION COMMISSION AND GOVERNMENT AGENCIES ARE MULLING STEPS TO REFORM THE ELECTORAL PROCESS. BUT THE POLITICAL CLASS MAINTAINS A BELLIGERENT STANCE.
Statistics have seldom been construed as the best way to reach the truth. But, consider these figures: 73% of elected representatives of the Jharkhand Assembly have pending criminal charges. This mean....
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