Business Ethics
Subhash Chandra and Rupert Murdoch’s deal
Star started telecasting Hindi programs in spite of its deal with Zee that it would not telecast any Hindi program on its channel in India.
Subhash Chandra decided not to continue with such a company and quitted the deal, but with the benefit of acquiring a 100% stake in Asianet, Siticable and Patco.
Recently formed a strategic alliance where Zee will not compete with Asianet.
But provide its expertise and technology know-how to Asianet for its growth.
In the year 1999 shareholders of Essel packaging urged the management to reconsider their decision to appoint Mr. Ashok Kumar Goel as chairman in place of Mr. Subhash Chandra.
Goel was aimed at “harnessing human capital and resources available within the company and to provide wider opportunities.
But the shareholders felt differently. They felt that Subhash Chandra was the best man for the job. The reasons that made them feel so were
Thinking: His office is located on 35th floor of Oberoi towers.
Techno-savvy: He is technology oriented, when other companies are booming in software, he is after “convergence”.
Risk taker: Subhash Chandra says “the joy of doing different things drives me, I like hitting roadblocks.”