5 days ago
Suits & Sayings: Seniority Complex
ZAHID Tales of egos clouding commercial judgement are commonplace but when it strains a long-standing
strategic relationship
, one tends to take note. This large
investment firm
, a proxy for a cash-rich city state, had been exploring a potential investment in the niche
retail business
of this
Indian conglomerate
that's been facing headwinds. But a senior executive of the homegrown group was peeved when he learnt that a junior from the foreign firm wanted to clarify a few minor points over a call and apparently lost his cool. He wanted a meeting of equals. That didn't go down well at all and last heard, the overseas investor has politely declined to participate in the ongoing fundraising.
Suits & Sayings
