Air India CEO's remarks after plane crash draw scrutiny
Mr Campbell Wilson stood before a camera last week to read a carefully worded statement about the plane operated by Air India, the company he leads, that had crashed hours earlier in Ahmedabad, India, with 242 people aboard.
His remarks immediately drew criticism. Social media users said he appeared cold and lacking in empathy.
Soon after that, another critique emerged: Much of Mr Wilson's speech was identical to one given five months earlier by Mr Robert Isom, CEO of American Airlines, after a deadly crash in Washington.
The similarities in the two statements are striking. Mr Karthik Srinivasan, a communications consultant in Bengaluru, India, posted transcripts on social media showing that many of Mr Campbell's words had exact parallels in Mr Isom's.
'First and most importantly, I'd like to express our deep sorrow about these events,' Mr Isom said in the video published on Jan 29.
On June 12, Mr Wilson began: 'First and most importantly, I would like to express our deep sorrow about this event.'
'This is a difficult day for all of us at American Airlines,' Mr Isom continued. Mr Wilson said: 'This is a difficult day for all of us at Air India.'
Mr Isom said, 'I know that there are many questions, and at this early stage, I'll not be able to answer all of them. But I do want to share the information I have at this time.'
Mr Wilson said exactly the same thing, except he didn't say 'early', and in one instance he used 'we' instead of 'I'.
Many who responded to Mr Srinivasan's post expressed anger and distrust at the airline.
The outcry over the remarks has added to the challenges facing Air India as investigators work to understand what caused its London-bound jet to crash moments after takeoff, killing all but one person on board and dozens on the ground.
Public relations specialists said that it was common to see similar structures and elements in statements from companies dealing with crises. But they said it was surprising to see one copy another verbatim.
Air India did not address the plagiarism accusations in a statement responding to criticism of Mr Wilson's remarks. But it acknowledged that it had drawn examples from other crashes. NYTIMES
Join ST's Telegram channel and get the latest breaking news delivered to you.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


CNA
15 hours ago
- CNA
Cadillac will add value as 11th F1 team, says McLaren's Brown
LONDON :Cadillac's arrival in Formula One next year as an 11th team will bring added financial value with new partners and more fan engagement rather than diluting resources, according to McLaren's American chief executive Zak Brown. The General Motors-backed team have taken staff already from rival outfits, their European headquarters at Silverstone being close to other factories, and are also competing for sponsorship. Brown, whose team are dominating this year's championship after winning the 2024 constructors' title, saw no reason to fear a dilution of resources, however. "I think on employees they are definitely going to take a lot more than they give, which is fine," he said at last weekend's Hungarian Grand Prix. "My general view is if someone wants to go work for a rival team then shame on me. "For sponsors, I think they'll bring more new to the table than take." Brown expected Cadillac also to bring more competition eventually, although they faced a tough challenge as newcomers, and more fans to a series that now has three U.S. rounds and a growing audience in America. "Will we get a better U.S. TV deal, more American presence? I think their sponsors and Cadillac will spend money in the sport, the teams get a percentage of that so I see them as a value add to the sport," he added. "I'm not worried about maybe some of the short term-ness of they are going to take an employee here or there or poach a sponsor here or there. I think the contribution will be bigger than that." Cadillac secured approval of their bid in March, after a 764-day entry process and initial opposition from Formula One and the other 10 teams wary of a potential reduction in the share of revenues. The team are also backed by TWG Global, whose CEO Mark Walter has an estimated net worth of $12.5 billion, according to the Bloomberg Billionaires Index. The first new team since U.S.-owned Haas debuted in 2016 said in July they were already two thirds of the way towards a targeted headcount of 600 by next season and no longer even the smallest outfit.


CNA
21 hours ago
- CNA
Global M&A hits $2.6 trillion peak year-to-date, boosted by AI and quest for growth
LONDON :Global dealmaking has reached $2.6 trillion, the highest for the first seven months of the year since the 2021 pandemic-era peak, as a quest for growth in corporate boardrooms and the impact of a surge in AI activity has overcome the uncertainty caused by U.S. tariffs. The number of transactions to August 1 is 16 per cent lower than the same time last year, but their value is 28 per cent higher, according to Dealogic data, boosted by U.S. megadeals valued at more than $10 billion. They include Union Pacific Corp's proposed $85 billion acquisition of small rival Norfolk Southern and OpenAI's $40 billion funding round led by Softbank Group. The upsurge will be a relief to bankers who began the year with expectations the administration of U.S. President Donald Trump would lead to a wave of consolidation. Instead, his trade tariffs and geopolitical uncertainty made companies pause until renewed confidence in corporate boardrooms and the U.S. administration's anti-trust agenda changed the mood. "What you're seeing in terms of deal rationale for transactions right now is that it's heavily growth-motivated, and it's increasing," Andre Veissid, EY Global Financial Services Strategy and Transactions Leader, told Reuters. "Whether it's artificial intelligence, the change in the regulatory environment, we see our clients not wanting to be left behind in that race and that's driving activity." Compared with August 2021, when investors, rebounding from pandemic lockdowns drove the value of deals to $3.57 trillion, this year's tally is nearly a $1 trillion, or 27 per cent, lower. Still deal-makers at JP Morgan Chase have said there is more to come, with companies pursuing bigger deals in the second half of the year as executives adapt to volatility. "People have got used to the prevailing uncertainty, or maybe the unpredictability post-U.S. election is just more predictable now," Simon Nicholls, co-head of Slaughter and May Corporate and M&A group, said. Nigel Wellings, Partner at Clifford Chance said the market was moving beyond tariffs. "Boardrooms are seeing the M&A opportunity of a more stable economic environment and positive regulatory signals. But it is not a frothy market." FROM HEALTH TO TECH While the healthcare sector drove M&A in the years after the pandemic, the computer and electronics industry has produced more takeover bids in the U.S. and the United Kingdom in the last two years, according to Dealogic. Artificial intelligence is expected to drive more dealmaking. M&A activity has increased around data centre usage, such as Samsung's $1.7 billion acquisition of Germany's FlaktGroup, a data centre cooling specialist. Palo Alto Networks $25 billion deal for Israeli cybersecurity peer CyberArk was the largest deal in Europe, Middle East and Africa so far this year as rising AI-driven threats push companies to adopt stronger defences. Private equity, which had been sitting on the sidelines, has once again been active, with Sycamore Partners' $10 billion deal to take private Walgreens Boots Alliance and rivalling 4.8 billion pound offers from KKR and Advent for UK scientific instrument maker Spectris.

Straits Times
a day ago
- Straits Times
Wall Street warning investors to get ready for stocks to drop
The calls are coming amid mounting concerns about the US economy after data showed an uptick in inflation and weakening job growth. NEW YORK - A chorus of stock market prognosticators at some of Wall Street's biggest firms is warning clients to prepare for a pullback as sky-high equity valuations slam into souring economic data. On Aug 4, Morgan Stanley, Deutsche Bank and Evercore ISI all cautioned that the S&P 500 Index is due for a near-term drop in the weeks and months ahead. The predictions come after a furious rally from April's lows that propelled the gauge to levels it has never seen before. Morgan Stanley strategist Mike Wilson sees a correction of up to 10 per cent this quarter as tariffs hit consumers and corporate balance sheets. Evercore's Julian Emanuel is expecting a more substantial decline of as much as 15 per cent. And a team at Deutsche Bank led by Parag Thatte notes that a small drawdown in equities is overdue considering they've been on a tear for over three months. 'Over the last couple of weeks, we have noted that investors should expect a modest pullback in the third quarter,' Mr Wilson said in his note to clients. The calls are coming amid mounting concerns about the US economy after data last week showed an uptick in inflation as well as weakening job growth and consumer spending. In addition, stocks are entering what's usually their weakest time of the year. Over the past three decades, the S&P 500 has performed the worst in August and September, losing 0.7 per cent on average in each month, compared with a 1.1 per cent gain on average across other months, according to data compiled by Bloomberg. In addition, stocks have gotten expensive. The S&P 500's 14-day relative strength index topped 76 last week – its highest point since July 2024 before US stock briefly peaked last summer and above the 70 level that market technicians view as a sign of overheating. Options trading is also showing the fear of a downturn, as hedging against another rout becomes more expensive. Contracts protecting against a 10% decline in the SPDR S&P 500 ETF Trust (SPY) over the next 60 days compared to the cost of contracts hedging against a similar rally is hovering around levels not seen since the regional banking crisis in May 2023. Still, despite the near-term concerns, the warnings come with a big bullish caveat: In the event of a dip, buy it. At Evercore, Mr Emanuel emphasizes that the long-term bull market in stocks is still intact despite expectations for volatility, and he advises clients to stay invested, particularly in companies capitalising on the artificial intelligence boom. Deutsche's Mr Thatte points out that historically the S&P 500 experiences small pullbacks of around 3 per cent every one-and-a-half-to-two months on average, and larger ones of 5 per cent or more every three-to-four months. 'We're buyers of dips,' Mr Wilson told clients. So far, traders are heeding to the advice. The S&P 500 and Nasdaq 100 Index are both up than 1 per cent on Aug 4 after Aug 1's sell-off on optimism that the Federal Reserve will cut interest rates soon. BLOOMBERG