Word: mukesh
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...problems started with two words. On Nov. 19, India's newspapers carried front-page reports that Mukesh Ambani, the 47-year-old son of Dhirubhai and the chairman of Reliance Industries, the group's flagship petrochemicals and oil venture, had admitted to "ownership issues" at the company, which he and younger brother Anil, the vice chairman, had been running since their father's death in July 2002. For four days speculation ran amok in the Indian press that the brothers had started sparring over control of Reliance. On Nov. 22, Mukesh issued a statement saying that his words had been...
...Details of the dispute remained sketchy at the week's end. A number of India's family-run companies have seen nasty internal squabbles. So there have always been some in Bombay's financial circles who thought it inevitable that Reliance, too, would one day be riven. Mukesh and Anil?who are together worth $6 billion and whose families live together in an exclusive downtown-Bombay residential tower called Sea Wind?appear to be opposites in temperament. Mukesh, the cerebral strategist, dodges the limelight, concentrating on passions such as vegetarian food, watching Hindi movies and raising a family. Anil...
While most doctors favor the Coalition platform, neither party is promising them what they believe they deserve. "G.P.s feel very undervalued," says Australian Medical Association vice president Mukesh Haikerwal, who argues the standard rebate is roughly half what it should be considering the costs of running a practice. Many G.P.s feel that seven years of training and over 6,000 consultations a year entitle them to an annual income higher than the $A120,000 the average G.P. earns. They also resent any plan aimed at controlling their charging. "I forewarn the Labor Party," says A.M.A. president Bill Glasson...
That's a large cheering section, especially considering the doubts voiced after Dhirubhai's death. Mukesh, 46 and chairman of the group's flagship Reliance Industries, and Anil, 44, its vice chairman, seemed so different from their father, a self-made man famed for his ability to work India's byzantine bureaucracy to his advantage. Some wondered whether the high-born brothers could even work together. The flashy Anil, who is married to a former film actress, likes designer clothes and jogs every morning, his chauffeur driving slowly behind. Mukesh is sedate and prefers spending time with his children...
...last year over its ability to enter the cell-phone market via a side door, without having to pay the high fees required of government-sanctioned operators. Despite the controversy, Reliance paid a $116 million penalty--which its critics said was a bargain--and continued to grab market share. Mukesh says he's determined to keep Reliance growing. His father demonstrated that Indian companies can be modern, vital and competitive. The sons have picked up the torch. "People will remember you after you are gone not for your money or your power," Mukesh says, "but because of what you have...