When I read about these father-son hand downs, I have to wonder... Of course it is natural and in no way wrong for Kampani to want to let his son take his chair... What I want to ask is this: Think about the son.... What if a big businessman's son wants to become a doctor or a lawyer or a scientist? Sometimes I feel lucky that my dad has little to pass on to me, except petty personal savings, imagine if he had a business my career would have been decided the moment I was born.... it would have been like an albatross around my neck.... its like having an arranged marriage...
RE:not directly related...
by dhaval vyas on Apr 04, 2007 07:31 PM Permalink
Benjamin Graham once said "when there's a choice between great business & great management,choose great business" & Mr.Kampani is in great business & luckily also is good management, if not great. & to be parting from Morgan Stanley is the right decision. The MNCs operating in India later on always want 100% control of their companies. I would like to quote a few examples, Syngenta India, DSP Merill Lynch, Wartisila, Cadbury,Ingersol Rand,Reckitt Benkinser,Digital Equipment,Bayer Diagnostics & many more to quote. It takes years to build up such a company like JM & Morgan Stanley wanted to swallow it in one go & Mr.Kampani did the right thing. Indian investors are becoming wise now, as they dont tender their shares in open offers easily now, as mostly they are always undervalued. The vested interests who wants to delist the company keeps the share prices subdued & makes the performance of the listed company worst & transfer the main business into 100% subsidary & then approach the shareholders for delisting. But times are changing now. Companies like Cadbury & Reckitt Benkinser would have found difficult to get delisted in the current market senerio, where more knowledge based investors are present then they were before. Thanks.
RE:not directly related...
by Abhishek Banerjee on Apr 04, 2007 07:52 AM Permalink
On second thoughts, I wish to point out that there is nothing sexist about the repetition of the word "son" in the post; it appears repeatedly only because I was thinking in the context of the story and about myself.
Read the last lines has to prove his worth if he has to get "my chair" "....another family owned business in making...when will the enterprenurs realise the benefits of professionals!!!:)
RE:Another Story...
by Naveen on Apr 04, 2007 10:02 AM Permalink
If his son doesnt get his chair, some one else will and then he will want his son to get the chair. Its all a game of musical chairs!!
RE:Another Story...
by Vikram V on Apr 04, 2007 01:36 PM Permalink
No business can succeed these days without having the best people on board. I feel most indian family cos are realising. It is becoming increasingly common to see experienced and skilled professionals running the show with the family taking a non executive role. To succeed in this age this is the way forward. Mr.Kampani is so right in saying "my son should prove his worth if he has to get "my chair" at JM."
RE:Another Story...
by T a s i n on Apr 03, 2007 04:46 PM Permalink
haan to khaali peeli tere ko dey dey.. bol to rahahai if that guy is worth his salt then onli he will be given else it will go to 3rd party (r4ead professionals)... Please dont speak just for the sake of speaking
RE:Another Story...
by Vinay Joshi on Apr 03, 2007 04:45 PM Permalink
Do you want the reins and profits to go to professionals, when its Mr Kampani who first took the risk of starting a company in the first place. Communists demand a share of profits, while professionals should work for KRAs or bonuses.
RE:Another Story...
by Sathis Kumar on Apr 03, 2007 04:55 PM Permalink
common, try building a billion dollar organisation and we will see whom u want to succeed you. moreover this guy feels his son should become a pro b4 he takes on right?
RE:RE:Another Story...
by Sandeep Balagopalan on Apr 03, 2007 11:11 PM Permalink
Absolutely satis, I totally agree with u. Why billion dollar business?? How many of you guys are going to give away your life's earning to professionals in case your son is not wise enough to invest it wisely..
RE:Another Story...
by Open sky on Apr 04, 2007 10:13 AM Permalink
few points.
1) Family man or Professional would not matter who is having clean mind to run the business. Its only problem when professional does not feel like their own company & take higher risk or uncalculated risk. No wonder same is true even for Familyman.
2) On keeping the trend of passing the value business to next generation, they get more smarter at day by day. They would have unseen training in daily life even when next gen. has not joined the business.
RE:RE:Another Story...
by Arpan Shah on Apr 03, 2007 04:44 PM Permalink
What is wrong in it? If he (Jr Kampani)proves that he is better to drive business, why he should not get?
RE:Another Story...
by Chandramouly Vidyashankkar on Apr 04, 2007 12:43 AM Permalink
no, man, ur wrong, the family tradition of business should be over, and if some one rasies this issue, is that mean that he is intersted in that chair. do u have sense in putting up this words. Dont waste ur time and others time in filling up with these words
RE:Another Story...
by nesil staney on Apr 04, 2007 08:55 AM Permalink
the family-owned businesses in India today are quicker decision makers, especially when it comes to global M&A opputunities. Ideally, you should pay the best brain to sit on ur chair for a term but the chair should remain yours!
