Suits & Sayings: A look at the week's juiciest corporate whispers from boardrooms and beyond
Hard Sell
The bosses at the Indian outpost of this multinational giant have been trying really hard to sell a ritzy property that used to belong to this tycoon who’s proven hard to get (to India) for the past seven-eight years. He’s currently dodging regulators for some apparently serious misconduct. Anyway, the company got ownership of the pile when they took over most of the tycoon’s business. But here’s the kicker: nobody wants it! Despite its posh location in south Mumbai, potential buyers are giving it a wide berth. Local brokers are whispering that folks are spooked by what they say is its jinxed history. Maybe. Or, is the tycoon pulling the strings from across the seas?
ETA Awaited
A high-flying minister was recently irked by the pace of a critical project. The government wants it completed quickly but the squabbling between the two parties building the facility threatens to slow things down even more. The minister’s irritation was barely concealed at a recent meeting as he asked tough questions and made clear his impatience with the answers. Here’s hoping the words landed and the project takes off soon.
Better Call Sat*%#
Let’s clarify upfront — that’s no profanity. This legal eagle is indeed on the speed dial of most politicians, film stars and industrialists. So, this weekend, at his son’s wedding midtown in the financial capital, we weren’t surprised to see auto czars, manufacturing tycoons and billionaire steel scions mingle with Bollywood A-listers and politicians cutting across party lines. Couldn’t
