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...itself a branch of the Tata empire, was told its overtures to New York Stock Exchange-listed luxury hotel and cruise firm Orient-Express were unwelcome - and potentially damaging. Indian Hotels recently upped its stake in Orient-Express to 11.5%. But Orient-Express CEO Paul White, in a letter to Indian Hotels Vice-Chairman R. K. Krishna Kumar, wrote that "any association of our luxury brands and properties with your brands and properties would result in a reduction of our brands and of our business and would likely lead to erosion...
Indian Hotels' Kumar told TIME that his first reaction upon receiving the letter "was that Paul White could not possibly have drafted [it]... I came to the conclusion that the person who drafted this letter needs counseling." Indian Hotels, he said, had proposed a friendly partnership in which each company would take an equity stake in the other, share expertise but remain independent. "At no time did we moot the the idea of a merger," Kumar says. White's letter, he says, "will go down as one of the most uncivilized exchanges of views between two companies in the 21st...
...investment [is] a two-way street." Industrialist Venugopal Dhoot, who heads the Associated Chambers of Commerce and Industry of India, told the Press Trust of India that Orient-Express had shown "arrogance toward one of India's most respected business houses." The discriminatory tone of Orient-Express's letter was "close to racism, barely camouflaged in the language of branding," opined an angry editorial (entitled "Racism Can't Halt Indian Takeovers") in India's Economic Times. The days of "white supremacy are disappearing rapidly, and white brand value with it," the piece went on. "When Arab financiers are needed...
...report by a Stanford professor released this week encourages research universities to expand and institutionalize civic engagement on campuses. The report comes on the heels of an open letter from 13 members of the Class of 1967 asking University President Drew G. Faust to form a task force to address the “widespread apathy and political indifference of the student body at Harvard College today.” The report, “New Times Demand New Scholarship II: Research Universities and Civic Engagement - Opportunities and Challenges” details areas that are crucial for encouraging civic engagement...
...wanted to make certain that those folks who are involved in the negotiations understand that they are not alone in dealing with this," says Kerry. "The Administration is isolated in its own country." Kerry, Maine Republican Senator Olympia Snowe and 50 other members of Congress sent a protest letter Wednesday to President Bush calling for U.S. negotiators to drop their opposition to emission targets...