Mukesh Ambani, who heads India's most valuable company Reliance Industries, has been ranked among top five best performing CEOs in the world by the prestigious Harvard Business Review. Ambani, the only Indian to feature among top 50 CEOs, is in the same league as Steve Jobs of Apple, Yun Jong-Yong of Samsung Electronics, Russian energy firm Gazprom's Alexey Miller and John Chambers of Cisco Systems. He is also ranked number two among the top 10 emerging market CEOs with Miller at the top.
K V Kamath of ICICI Bank is the other Indian in the list of Top 10 Emerging Market CEOs. He is ranked at number 9. The Harvard Business Review said it ranked CEOs of large public traded companies in a study conducted over 2000 CEOs worldwide. The entire group represented 48 nationalities and companies based in 33 countries. It put Ambani in the list of "up-through-the-ranks leaders" along with the Samsung boss. "Among the up-through-the-ranks leaders on our list are Yun Jong-Yong, who joined Samsung straight out of college and worked there 30 years before becoming CEO, and Mukesh Ambani, who joined RIL in 1981, when it was still a textile company run by his father.
"These CEOs may not all be household names, but here's an objective look at who delivered the top results over the long term," HBR said, ranking Steve Jobs as the top CEO in the world. Jobs, it said, delivered a whopping 3,188 per cent industry-adjusted return (34 per cent compounded annually) after he rejoined Apple as CEO in 1997, when the company was in dire strait. From that time until the end of September 2009, Apple's market value increased by USD 150 billion.
He was followed by Yun Jong-Yong, who ran South Korea's Samsung Electronics from 1996 to 2008. "Yun is an example of a leader who has stayed out of the limelight. During his tenure he capably transformed Samsung from a maker of memory chips and me-too products into an innovator selling digital products such as leading-edge cell phones." Miller was number 3 followed by Chambers. HBR said none of the top three CEOs had a MBA. Ambani and Chambers were the only two on the top five to hold degrees in business administration.
"CEOs who were promoted from inside the company tended to have stronger performance than those brought in from the outside," said HBR. Several CEOs that were "most respected" according to other reviews were nowhere in HBR's top 50. These include Jamie Dimon of JPMorgan Chase, Satoru Iwata of Nintendo, Sam Palmisano of IBM and Rex Tillerson of Exxon Mobil. Many other celebrity CEOs also failed to make the cut.
They include Carlos Ghosn of Renault-Nissan, Sergio Marchionne of Fiat, John March of Morgan Stanley, Jeffrey Immelt of General Electric, Daniel Vasella of Novartis and Robert Iger of Walt Disney. "Some of these well-known CEOs have not necessarily done poorly; they are just not among the top performers in the world according to the total shareholder return they have delivered so far," HBR said. The likes of Jack Welch, Warren Buffett, Larry Ellison and Bill Gates do not find mention in the list as HBR considered CEOs who assumed the job no earlier than January 1995 and no later than December 2007. "On an average the top 50 CEOs increased the wealth of their shareholders by USD 48.2 billion," it said. They delivered a total shareholder return of 997 per cent during their time in office. That translates into a spectacular annual return of 32 per cent.
Showing posts with label Air India. Show all posts
Showing posts with label Air India. Show all posts
Friday, December 18, 2009
Tuesday, November 10, 2009
India among top 3 markets: Pepsico
US-based beverages major Pepsico said India is among its top three markets and the company will continue to build India-specific strategies to sustain growth.
"For food processing companies like us, I think India represents top three markets in the world. India is a very different market from any western developed market," Pepsico Chairman and Chief Executive Officer Indra Nooyi said on the eve of its board meeting in Mumbai from Wednesday.This will be the second time PepsiCo's global board meeting will be held outside the US after the first one in Mexico five years ago. Nooyi said India is a large vibrant market and should focus on developing India-specific strategies to sustain it.
"For food processing companies like us, I think India represents top three markets in the world. India is a very different market from any western developed market," Pepsico Chairman and Chief Executive Officer Indra Nooyi said on the eve of its board meeting in Mumbai from Wednesday.This will be the second time PepsiCo's global board meeting will be held outside the US after the first one in Mexico five years ago. Nooyi said India is a large vibrant market and should focus on developing India-specific strategies to sustain it.
Thursday, October 8, 2009
Air India flight crew in mid-air punch-up
Perhaps a patch of turbulence on your next flight doesn't merit a complaint after all. Consider the ordeal passengers went through on an Air India flight early Saturday when one of the plane's pilots and a cabin crew member spilled out of the cockpit trading punches, a scrap some reports say left the cockpit unmanned for a brief period. While Air India denies the cockpit was ever unmanned and insists passenger safety was never compromised, India has been spellbound by the incident since news broke of the mid-air fracas on flight IC-844.
The fight started at about 4 a.m. local time, just after the pilots informed the 106 Delhi-bound passengers they were flying over Pakistan. Moments later, one of the pilots allegedly groped a female flight attendant after she resisted his advances.
The pilot then threw her out of the cockpit, setting the stage for a fight with a male flight attendant that wound up in the passenger cabin. The flight, which originated in the United Arab Emirates, landed safely in Lucknow, India, after the pilots threatened to land in Karachi, Pakistan.
Air India, which just suffered a morale-sapping month, said it has grounded the pilots and crew members involved and has started an inquiry. Komal Singh, a 24-year-old female flight attendant, says flight commander Ranbeer Arora was upset over her takeoff announcement and summoned her to the cockpit. Both Arora and co-pilot Aditya Chopra chastised her. Singh was made to feel "uncomfortable as a woman," media reports say.
Singh told flight purser Amit Khanna what had happened and the two returned to the cockpit. That's when the pilots pushed Singh out, allegedly injuring her, and setting the stage for the dust-up between purser and pilot. According to local media reports, Arora has said he merely spoke to Singh about routine takeoff procedures.
Moments later, Arora alleges, Khanna started beating on the cockpit door. After the brawl and the stop in Lucknow, Singh and Khanna continued on the flight to Delhi. As Air India moves forward with its internal investigation and police decide whether to pursue a criminal case, prominent national organizations are jumping into the fray.
Shailendra Singh, president of the Indian Commercial Pilots' Association, says it's not fair to blame the pilots, who "maintained their cool." "There is a certain hierarchy in the cockpit that has to be followed." The National Commission for Women has also said it will investigate Singh's claim. "She came here and sat with me for six hours. She has filed a complaint with me," commission chair Girija Vyas said Wednesday. "We have written to Air India to inquire into the matter and also informed them about the Supreme Court guidelines on sexual harassment at the workplace."
The fight started at about 4 a.m. local time, just after the pilots informed the 106 Delhi-bound passengers they were flying over Pakistan. Moments later, one of the pilots allegedly groped a female flight attendant after she resisted his advances.
The pilot then threw her out of the cockpit, setting the stage for a fight with a male flight attendant that wound up in the passenger cabin. The flight, which originated in the United Arab Emirates, landed safely in Lucknow, India, after the pilots threatened to land in Karachi, Pakistan.
Air India, which just suffered a morale-sapping month, said it has grounded the pilots and crew members involved and has started an inquiry. Komal Singh, a 24-year-old female flight attendant, says flight commander Ranbeer Arora was upset over her takeoff announcement and summoned her to the cockpit. Both Arora and co-pilot Aditya Chopra chastised her. Singh was made to feel "uncomfortable as a woman," media reports say.
Singh told flight purser Amit Khanna what had happened and the two returned to the cockpit. That's when the pilots pushed Singh out, allegedly injuring her, and setting the stage for the dust-up between purser and pilot. According to local media reports, Arora has said he merely spoke to Singh about routine takeoff procedures.
Moments later, Arora alleges, Khanna started beating on the cockpit door. After the brawl and the stop in Lucknow, Singh and Khanna continued on the flight to Delhi. As Air India moves forward with its internal investigation and police decide whether to pursue a criminal case, prominent national organizations are jumping into the fray.
Shailendra Singh, president of the Indian Commercial Pilots' Association, says it's not fair to blame the pilots, who "maintained their cool." "There is a certain hierarchy in the cockpit that has to be followed." The National Commission for Women has also said it will investigate Singh's claim. "She came here and sat with me for six hours. She has filed a complaint with me," commission chair Girija Vyas said Wednesday. "We have written to Air India to inquire into the matter and also informed them about the Supreme Court guidelines on sexual harassment at the workplace."
Wednesday, September 30, 2009
Normalcy restored in AI ops, 18 flights take off
New Delhi With the striking pilots getting back to work, operations of Air India returned to normal on Thursday with 18 of its flights taking off from the national capital.
"Flight operations have returned to normal and 18 of our morning flights have taken off for various destination as per schedule," an airlines official said.
The airlines' flights to Southeast Asia operated as per schedule. Air India also operated its Delhi-Frankfurt-Chicago, Mumbai-Frankfurt-Chicago, Mumbai-London, Delhi-London, Amritsar-London-Toronto and Ahmedabad-Frankfurt flights this morning.
At check-in counters at the airport in New Delhi, AI officials offered passengers roses and apologised to them for the five days of disruption due to the strike.
In an attempt to attract more passengers, the airlines has planned to increase the number of seats offered on special fares, the official said.
Flight operations started to return to normal late last evening after agitating executive pilots started reporting to work following an agreement with the management on keeping the September 24 order regarding cut in their productivity-linked incentive (PLI) in abeyance.
A three-member committee would look into the issues and consult the pilots before any cut.
Protesting against the 50 per cent cut in PLIs, pilots reported sick for their duties since last Saturday forcing the airline to cancel over 400 flights. The airline incurred a loss of Rs 100 crore due to the agitation.
"Flight operations have returned to normal and 18 of our morning flights have taken off for various destination as per schedule," an airlines official said.
The airlines' flights to Southeast Asia operated as per schedule. Air India also operated its Delhi-Frankfurt-Chicago, Mumbai-Frankfurt-Chicago, Mumbai-London, Delhi-London, Amritsar-London-Toronto and Ahmedabad-Frankfurt flights this morning.
At check-in counters at the airport in New Delhi, AI officials offered passengers roses and apologised to them for the five days of disruption due to the strike.
In an attempt to attract more passengers, the airlines has planned to increase the number of seats offered on special fares, the official said.
Flight operations started to return to normal late last evening after agitating executive pilots started reporting to work following an agreement with the management on keeping the September 24 order regarding cut in their productivity-linked incentive (PLI) in abeyance.
A three-member committee would look into the issues and consult the pilots before any cut.
Protesting against the 50 per cent cut in PLIs, pilots reported sick for their duties since last Saturday forcing the airline to cancel over 400 flights. The airline incurred a loss of Rs 100 crore due to the agitation.
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