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Shyamal Majumdar: The promoter-professional combine

Family businesses have had a mixed record in attracting and retaining professional talent

In an interview to this paper this week, Bharti Enterprises Founder-Chairman Sunil Mittal said he didn’t find it difficult to let go of control and hoped his children would be “good shareholders” like him. Mittal has indeed walked the talk. While he has kept himself away from Bharti’s day-to-day operations, having passed on the baton to professional chief executive officers (CEO), his children are “doing their own things”. Bharti, Mittal says, was designed to get out of family control and is run by professionals who are “not beholden” to him. ...

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Business Standard
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Business Standard

Shyamal Majumdar: The promoter-professional combine

Family businesses have had a mixed record in attracting and retaining professional talent

Shyamal Majumdar  |  New Delhi 

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Shyamal Majumdar In an interview to this paper this week, Bharti Enterprises Founder-Chairman Sunil Mittal said he didn’t find it difficult to let go of control and hoped his children would be “good shareholders” like him. Mittal has indeed walked the talk. While he has kept himself away from Bharti’s day-to-day operations, having passed on the baton to professional chief executive officers (CEO), his children are “doing their own things”. Bharti, Mittal says, was designed to get out of family control and is run by professionals who are “not beholden” to him. ...

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Shyamal Majumdar: The promoter-professional combine

Family businesses have had a mixed record in attracting and retaining professional talent

Family businesses have had a mixed record in attracting and retaining professional talent In an interview to this paper this week, Bharti Enterprises Founder-Chairman Sunil Mittal said he didn’t find it difficult to let go of control and hoped his children would be “good shareholders” like him. Mittal has indeed walked the talk. While he has kept himself away from Bharti’s day-to-day operations, having passed on the baton to professional chief executive officers (CEO), his children are “doing their own things”. Bharti, Mittal says, was designed to get out of family control and is run by professionals who are “not beholden” to him. ... image
Business Standard
177 22

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