Describing L&T as his "life with priority beyond wife and children", the diversified conglomerate's long-serving chief A M Naik says he will pass on the reins to his successor S N Subrahmanyan next year and the focus is now on grooming the next line of leadership. 74-year-old Naik, who has been with Larsen and Toubro for 52 years, including about 18 years as its head after rising through ranks, said he knows everything "on the pulse" at
L&T and things might not be as easy for his successor but he will ensure that the company remains in strong hands. "I don't want the criticism that Mr Naik did a great job when he was present, but as soon as he went the company did not do so well. It is my life. "So I often sing Raj Kapoor song from the film Mera Naam Joker -- Jeena yahaan, marna yahaan; Iske siva jaana kahaan (I will live here and die here; Where else can I go)," Naik told PTI in an interview here. He described Subrahmanyan, currently Whole Time Director, Deputy Managing Director and President at L&T, as the "brightest that we have got" and said he was being mentored extensively across all the major businesses.
India has the most transparent companies because of a strong regulation system firmly in place, a new report revealed on Monday, adding that China on the other hand has weak or non-existent anti-corruption policies and has the most opaque firms.Useful about on performing stocks i learned here. Follow epic research for more details.
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