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Indian Cologne Takeover European Perfume

 
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Arcelor accepts Mittal's bid
 
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So what should we do? Consume more steel or write JSteel API for Mittal or Arcelor?
 
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Chetan Parekh
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Originally posted by Bana Shankari:
So what should we do? Consume more steel or write JSteel API for Mittal or Arcelor?



It's upto you
 
Rambo Prasad
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I salute Lakshmi Mittal..The steel barron has again proved that his nerves are made of steel....

This is a defeat of racism and pseudo nationalism....
But things aren't still too rossy for Mittal...Some top executives of Arcelor like Guy Dolle had made things complicated for Mittal...Hope he prevails against all odds....
 
Chetan Parekh
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Originally posted by Rambo Prasad:
This is a defeat of racism and pseudo nationalism....



All bad things has to face end one day!!
 
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This is a defeat of racism and pseudo nationalism....



This sound's like a TOI editorial article. It may be true that french govt has not acted as a neutral party, where did one get racism into this issue?

Let us hope Mittal does not make this new company into yet an other family fiefdom.
 
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Originally posted by Chetan Parekh:


All bad things has to face end one day!!



I really thought this was a case of seeing racism where there wasn't any.

Arcelor didn't want to be bought out. Full Stop. The fact that the suitor was a company owned by an Indian might have just been co-incidental.
 
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Originally posted by Bhoooooo Yyempeti:


I really thought this was a case of seeing racism where there wasn't any.

Arcelor didn't want to be bought out. Full Stop. The fact that the suitor was a company owned by an Indian might have just been co-incidental.



You are right, it was just media hype showing it as racism, anyway takeover was of a european company by a european company.
 
Chetan Parekh
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Originally posted by Bhoooooo Yyempeti:


I really thought this was a case of seeing racism where there wasn't any.

Arcelor didn't want to be bought out. Full Stop. The fact that the suitor was a company owned by an Indian might have just been co-incidental.



May you are right.But, "Indian Colonge,European Perfume", "Monkey Money", "Company full of Indian" - are these good words?
 
Chetan Parekh
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Originally posted by Ramesh Choudhary:
Let us hope Mittal does not make this new company into yet an other family fiefdom.



True, Mittals should think fortheir shareholders first.
 
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Originally posted by Bana Shankari:
So what should we do? Consume more steel or write JSteel API for Mittal or Arcelor?



Steel is good for health especially steel juice.
 
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Very few companies can succeed in that way I guess.
 
Bo Yyempeti
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Originally posted by Ramesh Choudhary:


It may be true that french govt has not acted as a neutral party, where did one get racism into this issue?



The fact of the matter is that the Luxembourg and French governments are not neutral parties. The Luxembourg government is a shareholder of Arcelor and the French (especially at this point in time) cannot afford to lose any blue-collar jobs. Both the governments need Arcelor to be successful and profitable.

Besides, following last November's tensions in France, the last thing the government would want to do is to take a stance that would even remotely have racist undertones.
[ June 27, 2006: Message edited by: Bhoooooo Yyempeti ]
 
Rambo Prasad
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It may be true that french govt has not acted as a neutral party, where did one get racism into this issue?



Racial attitude is evident from the way Arcelor handled the whole issue...
Arcelor's chief executive, Guy Dolle, dismissed Mittal as a "company of Indians" and declared that European steel was "perfume" to Mittal's cologne.

Why did it prefer Severstal over Mittal..Was there any strong economic reason to that..?One reason could be because as the Arcelor chairman, said that Alekse (Head of Serverstal)at least, was "a true European."...

They tried all things to thrwat it ,but nothing worked.....Even Indian commerce minister Kamal Nath expressed his strong opinions aginst the racial undertones....
[ June 27, 2006: Message edited by: Rambo Prasad ]
 
Ramesh Choudhary
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...........commerce minister Kamal Nath.........


Good. Kamal Nath knows some things other than growelling before Gandhi family .

My concern is that, Mittal, being a typical Desi businessman, lacking finnesse
and elegance of a respectable enterpreneurs(our very own MR. Narayana Murthy), may try to buy out remaining shares and take complete control of the combined company. This is not to say that he is inefficient, but still family fiefdoms are examples of imperfect capitalism.
[ June 27, 2006: Message edited by: Ramesh Choudhary ]
 
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Originally posted by Ramesh Choudhary:

This is not to say that he is inefficient, but still family fiefdoms are examples of imperfect capitalism.

[ June 27, 2006: Message edited by: Ramesh Choudhary ]



I guess it must be surprising how LNM got to be the biggest steel producer in the world by having a family run business which are "examples of imperfect capitalism."

From my point of view his strategy is as good as it gets... build up a base and then go for the kill.... he built up an empire from picking up old derelict companies and turning them around and now that he has the purchasing power he goes for the company which could give him competition and mind you he does it in an transparent manner unlike the alternative taken by arcelor by trying to tie up with servestal through an backdoor entry.

And he still holds on to his Indian identity .....
[ June 28, 2006: Message edited by: Devesh H Rao ]
 
Rambo Prasad
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My concern is that, Mittal, being a typical Desi businessman, lacking finnesse
and elegance of a respectable enterpreneurs



What fault did you find in him that made you that he is not a respectable enterprenaur?
 
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Originally posted by Rambo Prasad:

What fault did you find in him that made you that he is not a respectable enterprenaur?


I think many people(especially those who like Tatas/Birlas,big money but simple living) dislike his lavish spending style.For example his invite to entire Bollywood to Paris for a dance for his daughter's wedding.His declaration that his son will maintain his enterprise after his retirement does not attract 'intelligent' crowd who revere Murthy,Premji.
 
Chetan Parekh
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Originally posted by Arjunkumar Shastry:

I think many people(especially those who like Tatas/Birlas,big money but simple living) dislike his lavish spending style.For example his invite to entire Bollywood to Paris for a dance for his daughter's wedding.His declaration that his son will maintain his enterprise after his retirement does not attract 'intelligent' crowd who revere Murthy,Premji.



Agree! Even those he spend his money(not ours), but still he could have directed money towards good cause, rather then behind dancers.
 
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I have not much idea about european steel companies, but as far as I understand the market, from end 60ties to end 90ties they were perceived as old, problematic & shrinking industries.
That changed with end 90ties as there was a dramatic rise in demand for their products from Asia. Afaik there is fear that the demand will vanish long term as the asians will build huge own capacities.
So why should an industry act racist against its most promising markets?
 
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Originally posted by Axel Janssen:
So why should an industry act racist against its most promising markets?



Thats logical. But read the tone of Arcelor management
"Indian Colonge,European Perfume", "Monkey Money", "Company full of Indian".
Alekse (Head of Serverstal)at least, was "a true European."

Racist attitude is a general continental European problem. I stay in Germany, a nation that shuns the childerns of immigrants to lower grade schools under the pretensions of meritocracy. I can state numerous unpleasunt experience of my stay in Germany. Well, I refrain for sake of keeping discussion alive. The thread might get closed otherwise.
 
Axel Janssen
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Originally posted by Bhiku Mhatre:

I stay in Germany,


I am german. I feel sorry for that. I have no idea how negative racism feels.

Originally posted by Bhiku Mhatre:

a nation that shuns the childerns of immigrants to lower grade schools under the pretensions of meritocracy.


Really? I've been with turkish girls & guys in school. They aren't actively shun out. But often in their families education isn't perceived as something important. And in the people between 30-40 there are quite a few people from turkish families who work as managers, doctors, entrepeneurs. I don't see no active exclusion by the system. A lot of turkish people in the 3rd or 4th generation do not speak german properly and - as said - a lot of the families does not show enough interest in the school education of their children. But I allways had some turkish classmates in the more challenging public schooltype (and there were very few private schools at my time).

Even if some people here show rassist attitudes (and I am against it) does not mean that business is rassist, because money has no colour and Asia is perceived as important market.

The long term prospect for anti-asian racism isn't good anyway for demografic and economic reasons alone.

Originally posted by Bhiku Mhatre:

I can state numerous unpleasunt experience of my stay in Germany. Well, I refrain for sake of keeping discussion alive. The thread might get closed otherwise.


If you like, you might tell me by private message.

kind regards.

Axel
 
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