Monday, April 21, 2008

Aditya Mittal - Like Father, Like Son...

"Aditya Mittal has spent a decade helping his father build the world's
biggest steel company. Will he take the top slot? Or could worries
over nepotism make him prove himself elsewhere?" asks an article in
the Times Online. The UK based paper has done a nice interview with
the son of Lakshmi Mittal, the UK based steel magnate.

An intriguing look into the life of a boy who grew up with a silver
spoon, yet one who seems so capable, level headed and down to earth

Another excerpt, "Aditya Mittal nods. "You hope one generation learns
from another's mistakes. I am my own man. So long as I am doing what I
want, and it works for him and me, it's perfect."
That trust was fostered by an upbringing where Aditya stayed close to
his father's side, visiting steel plants with him, living near the
business in Indonesia where Lakshmi started his operations.
Unlike many entrepreneurs' children, he never lost his father to
business – he was taken along for the ride. And Lakshmi, say those
around him, is good at making business fun.
But father-son bonds make family-owned firms difficult for everyone
else, not least colleagues and other shareholders. Can it be a
meritocracy? Is that why he calls his father Mr Mittal?
Aditya grins. "Well, I could hardly call him Papa in the office, could I?""

Definitely worth a read at--
http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article3778499.ece

1 comment:

SIR BOND IYER said...

Family run organisation has realised that professional managers are to be inducted into the mainstream.But they give priority to their kith & kin when holding Top Posts.They say that professional Mangers have "NO OWNERSHIP CONCEPT".
Apart from that,still,Cast & place of origin plays very great part in Recruitment & upward movement in an organization.
INFOSYIS Is an exception.