Morda, it’s a rip off !

But here lies the other view. In lieu of reducing the original Arcelor shareholders’ stake by 32% (due to the issue of new shares to Mordashov), as compensation, the new Arcelor will actually pay back to shareholders €7.6 billion – a cash amount equivalent to a soul stupefying 1,316% more than the value of an old Arcelor share (as on January 26, 2006). This is unheard of in modern corporate history of shareholders’ wealth maximisation. If one were to go just by shareholders’ wealth as the factor (and this should be the standard for all modern business corporations), Guy Dolle of Arcelor couldn’t have hit upon a better Russian to rip off ! And seriously speaking, Guy Dolle needn’t even have paid so much to convince his shareholders. But for the sake of records, Guy Dolle will remain our hero, wisecracks notwithstanding!

For complete IIPM article click here

Source:- IIPM Editorial, 2006, Editor:- Prof. Arindam Chaudhuri


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‘Newly married’

As they bid goodbye and proceeded to the carriage adorned with flowers with a sign of ‘newly married’ attached to it, my heart sank with the thought that the ebullient goodbyes would change to a final goodbye, the flowers on the landau would be decorated atop a coffin with a card addressed to ‘mummy’ from her sons William and Harry and the tears of joy would be drowned by the anguished cries of despair with the Princess of Wales embarking on her final journey, leaving her family, her sons and the entire nation mourning behind her.

Strange are the ways of life, I thought, which slowly unfolds the secrets, eventually taking us to the path one is destined for. Good that the future is not revealed, for it enables one to at least cherish the evanescent moments of the present.

For complete IIPM article click here

Source:- IIPM Editorial, 2006 Editor:- Prof. Arindam Chaudhuri