Word: mittal
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...RANK NAME CITIZENSHIP AGE NET WORTH * RESIDENCE 1 William Gates III U.S. 51 56.0 U.S. 2 Carlos Slim Helú Mexico 67 53.1 Mexico 3 Warren Buffett U.S. 76 52.4 U.S. 4 Ingvar Kamprad Sweden 81 33.0 Switzerland 5 Lakshmi Mittal India 56 32.0 Britain...
...WEALTH $38 billion Fortune of steel tycoon Lakshmi Mittal, the richest man in Britain according to the Sunday Times list of the country's wealthiest people. Born in India, Mittal has made his home in the U.K. since 1995 4 Number of the five richest people in Britain who were not born in the U.K.; the Duke of Westminster, with an estimated worth of $12 billion on the 2006 list, comes in fifth behind foreign-born residents such as Mittal and Russian billionaire Roman Abramovich...
...Mittal proved a smarter tactician than his opponents. Because a formal takeover document needed to be acceptable to regulators in five different countries, it took four months to put the paperwork together. That allowed Arcelor time to rally shareholders in its defense. But then Dollé made an egregious error: he arranged for a Russian oligarch, Alexei Mordashov, to take a 30%-plus stake in Arcelor. "The day we received that news, we felt it was over for us," Mittal recalls. "The whole team was disappointed and somber." But when they looked at the Russian deal more closely, Mittal...
Happily, even before the deal was finalized, some of the heat had gone out of the controversy. At a hearing at the French Parliament in June to which Mittal was invited, one deputy, Paul Giacobbi, described the personal attacks as "shameful" and said they did not represent the view of France. And Patrick Ollier, the head of the finance committee, said that the Parliament "has had the opportunity to get to know a great European captain of industry...
...happens, though that may have been intended as a compliment, it is inaccurate. It would be just as wrong to say that Mittal is a great Asian captain of industry. For he is of course both - and neither. Mittal is an exemplar of a new type of business leader. "Your identity is your company," says Mittal. "I have a global company, so I have a global identity." In 2007, expect more to make the same argument...