Comments on: The World According to Mittal

By: reported

reported — Fri, 24 Feb 2006 00:08:12 +0000

this dosent suprise me, mittal is from the Marwari community of India, they control most of India’s economy, Birla, Bajaj, Pittie, Modi, Ruia, Sunil Mittal,Siyaram Poddar, Jhunjunwala, Agarwal,Singhania, the list goes on… besides one ambani, some gujrati stockbrockers, a few south indians, one ismaeil muslim and tata’s, the entire economy is in and out dominated by mittal’s marwari community. Not like its a bad thing, their just good at it. India’s answer for world domination by the Jews

By: david

david — Fri, 24 Feb 2006 00:03:54 +0000

For your information out of the 200,000 plus people employed by Mittal Steel, only 100 are indians.

By: Ikram

Ikram — Wed, 08 Feb 2006 19:39:19 +0000

Some of the French and Luxembourger attacks on Mittal have been out and out racist. It's consistent with the protectionist tinge in the French corporate world, but supercharged with colour bigotry (as opposed to the usual 'le rosbif' anti-British bigotry).

But its also worth noting that Mittal, after he buys a company, usually sends over an Indian to watch over his investment. Nothing wrong with that -- Li Ka Shing used to do something similar. Cultural ties matter and installing your co-ethnics in positions of power is something both the British and the French have been doing for centuries (it wasn't Indians that ran the East India Company).

But Mittal is being disingenuous when he says there's nothing Indian about his company. I'd prefer he admitted his Indian-ness (and occasional preference for Indian managers) and instead noted that there is nothing wrong with an company with a indian-tilted corporate culture owning a French/Luxembourgish steel company.

By: neil

neil — Wed, 08 Feb 2006 07:03:07 +0000

Please contact Arcelor and let them what you think of their racist CEO:

E-mail: press@arcelor.com Phone: +352 4792 5000

Corporate Headquarters Patrick Seyler (Executive Vice President): +352 4792 2360 Luc Scheer: +352 4792 4455 Jean Lasar: +352 4792 2359

France Sandra Luneau: +33 1 41 25 65 04

By: sam

sam — Wed, 08 Feb 2006 06:36:12 +0000

I have a suggestion : Why not rename this blog ” http://www.ethnicindianpride.com “?

By: technophobicgeek

technophobicgeek — Tue, 07 Feb 2006 14:26:39 +0000

Fei, I agree about the monopoly bit, but that is not the issue here, though I wish it was. The reason we are riled up is that the bid was rejected more on the basis of misplaced nationalism and prejudice against Asian countries/businesses instead of evaluating it purely on its merits. I think that’s what we are all protesting against.

By: Nanda Kishore

Nanda Kishore — Tue, 07 Feb 2006 05:12:46 +0000

Fei, first of all, no one has suggested that creating a monopoly is right for whatever reasons. Secondly, you should do a detailed check on whether there WILL be a monopoly if Mittal Steel acquires Arcelor. From what I have read, that is not the case.

By: Manish Vij

Manish Vij — Tue, 07 Feb 2006 05:05:25 +0000

You should encourage consolidation because it brings prices down. A combined company would still control only 10% of the market.

By: Fei

Fei — Tue, 07 Feb 2006 04:55:04 +0000

so I should encourage a monopoly just because he is Indian? right….

By: Guru Gulab Khatri

Guru Gulab Khatri — Tue, 07 Feb 2006 03:00:26 +0000

well business and polics are often intertwined. Why do the saudis have leverage in the world stage control of oil sector. The NSA in the 80′s invested in creating a library of VLSI components and associated tools and runs a complete fab. b/c it thought that US chip industry may lose out to japanese, so a government entity needs to be able to fabricate IC’s which may be needed for defense etc. Who knows some government may decide steel may be needed for defense production and opens up a steel production unit ?