Ratan Tata
Corus takeover: Who is Ratan Tata?
Aggressive and ambitious
That's a short snapshot of Ratan Tata, 69, who controls the $22bn Tata group, which includes 96
companies manufacturing a range of products from automobiles to watches, steel to fertilisers.
Today, the smooth, suave, and introvert Ratan is being seen as an aggressive and ambitious
businessman, whose strategic vision has shifted from local to global.
In the late 1990s, two of the top firms, Tata Steel and Tata Motors went through tumultuous
crises and were saddled with huge losses.
Last year, the retirement age for non-executive directors of Tata Sons, the holding company,
was raised from 70 to 75 years.
Thanks to that, Tata, a non-executive director, who was to retire in 2007, got a five-year extension.
Now it appears it is time for Ratan Tata to establish himself on the global map. The Corus buyout makes Tata Steel the world's
fifth largest steelmaker.
But it needs to play the catch-up game with Mittal. Tata has to do the same with Mukesh Ambani, the promoter of India's largest
private sector firm, Reliance Industries, which aims to be among the top 100 in the Fortune 500 list.
Ratan Tata has a long way to go before he can bid farewell (or "tata" to use the Hindi word) to the world of work.
http://news.bbc.co.uk/2/hi/south_asia/6071090.stm
Yin Zhang
Richest woman becomes richer
Zhang is believed to be the wealthiest self-made woman in the world. According to Rupert
Hoogewerf, who set up the Huran Report in 1999 which lists wealthy people in China. She is
richer than the U.S. television host Oprah Winfrey and author of the Harry Potter series JK
Rowling.
Born in a soldier's family in northeast China's Heilongjiang Province, Zhang was the
eldest sister to seven children. She went to Hong Kong in 1985 and started her career
in waste paper trading with 30,000 yuan.
Zhang defied financial hardships, cheating business partners and intimidation from local
mafia to build up her wealth in the subsequent five years before moving to the United
States with her husband in February 1990 to pursue her dream of becoming the
"empress of waste paper".
http://www.chinadaily.com.cn/bizchina/2006-10/13/content_707587.html
Carlos Slim
Carlos Slim is the richest man you've never hear of
An interview with Mexico's Carlos Slim
Slim accumulated his $53.1 billion fortune by collecting companies in much the
same way he did baseball cards. He searches for businesses that are undervalued,
infuses them with cash and uses the size of his holdings to overwhelm the competition.
He now owns stakes in more than 220 businesses but says he has never forgotten the
lessons of his youth.
"It's hard to live a day without buying one of his products," Sandra Morales, 31, said
as she ate lunch in the Plaza Insurgentes shopping center - a property owned by
Slim - in Mexico City. "He's so rich and powerful and in a country where there are so
many poor."
Slim says that he is held to a double standard because he is Mexican and that many
U.S. companies such as Microsoft, Boeing and Intel enjoy similar dominance of their
sectors. During a two-hour interview in Spanish in his Mexico City office, Slim puffs a
cigar and offers similarly strong opinions on everything from Mexico's future to Bill
Gates' charity efforts.
"Carlos: remember that all assignments given to you must be done on time, quickly,
in much clearer letters and without erasures. If not, I'm going to deduct from your
allowance," says a note in one of the ledgers, which Slim still keeps on his office
bookshelf.
http://www.azcentral.com/arizonarepublic/news/articles/0530carlosslim0530.html
2007年9月11日 星期二
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