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.
