Financial Daily from THE HINDU group of publications Tuesday, Nov 30, 2004 |
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Corporate Disputes Corporate - Corporate Disputes Anil sends emotional e-mail to employees of RIL Our Bureau
Mumbai , Nov. 29 THE Ambani controversy was today stoked further with the despatch of another e-mail to the employees of Reliance Industries Ltd, this time by the Vice-Chairman, Mr Anil Ambani, obliquely emphasising the brothers' equal status in the corporate group. "I am personally saddened like all of you, at the developments of the last two weeks, and I thought I would share with you some of my feelings," said his e-mail. Referring to his brother and himself, he said their journey was "marked by successive milestones of togetherness. We became Executive Directors, Joint Managing Directors and Managing Directors at the same time." When the brothers jointly won an award, Mr Anil Ambani recalled himself saying: "We are not inheritors. We have built this company along with our father." And, according to him, Mr Mukesh concurred and said: "We are his (Dhirubhai Ambani's) partners. It has almost been like a joint venture." When Dhirubhai Ambani passed away, "... . I had the privilege to propose Mukesh's name as Chairman and Managing Director of RIL, and I received his support to be appointed as Vice-Chairman and Managing Director," wrote Mr Anil Ambani. "As already communicated, I will not comment on any issues at this stage, and may do so only at an appropriate time, if necessary," said his e-mail. It ended saying: "I am confident of your support to Mukesh and to me, and to the entire organisation, and I look forward to receiving your valuable inputs and guidance at -------- (his e-mail address)." An interesting detail in this email to his employees recalled Dhirubhai Ambani's reaction to complex management jargon. "Dhirubhai would say, "just watch out for the 3Cs - chamchas, chelas and cronies!", wrote Mr Anil Ambani. This is the third email to the employees from the Ambani brothers. The first one was from Mr Mukesh Ambani last week, telling his employees that the Chairman and Managing Director (who is himself) is the final authority at Reliance. On Sunday, Mr Anil Ambani had written to the employees of Reliance Energy on the resignation of six directors of that company, telling them that the board would meet to consider the resignations, and that, in the meanwhile, he had requested the directors to continue to serve the company and to carry out their assigned roles and responsibilities as before."
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