The family business takes me on a journey, Cited examples of the large business families around me, I thought I had completed my assignments.
Last night, while I was relaxing, another family of repute came into my mind. I felt I should add this to the subject too.
Well, this family has been into business for quite a long time.They had the business in many parts of the country and also in Burma, and Ceylon. They had paddy fields in Burma and involved in banking also. The Ceylon based business comprised of tea estates and real estates. This family became wealthy, in the course of time, as they supported the British raj. The Governor Generals had a special corner for them and they on the go assigned valuable lands in and around Madras to this family.
The family was also known for usurping the properties of their kin in the guise of caretakers. Rumours still run about them. That is all history now,
They set up a university with their own donations supplemented by the collected funds. The university did impart education but as years passed it became a money spinner for the family. For each appointment right from menial to ViceChancellor percentage of the commission was fixed. So did they in engineering and medical seats. Imagine a student paying millions to become a doctor. What would be his status in the medical profession deemed to be very noble and has a call of caution around.. The graduate from the University claims himself to be a doctor. How far can the people trust him? If money is the way to becoming a professional then I and you without studying could well wear the garb. The candidate who enters the college does not apply his mind to study. He knows that his family would make him a doctor by advancing money to get through. This university has produced so many doctors of this calibre.
Oh! I have gone astray from the main. The business I was talking about flourished. The family did not interfere in the activities. It was the paid managers who oversaw. They were not in any way professionals.As there was no competition the business thrived. The family wallowed in luxury.
it so happened that the family could not beget an heir to their wealth. So the two branches as per the community's practice, adopted sons. Those two came from a much unknown families. They could not cope up with the high profile parents. The one chose a life of his own. He sailed abroad. The other one stayed in and discreetly took the control of the companies, set aside the father, and became invincible in the course.
The adopted father feels helpless. With his money gone and his age not by his side is trying to pull himself
from his leviathan slumber. It is too late. Very late.
An example for the wrong side.
Last night, while I was relaxing, another family of repute came into my mind. I felt I should add this to the subject too.
Well, this family has been into business for quite a long time.They had the business in many parts of the country and also in Burma, and Ceylon. They had paddy fields in Burma and involved in banking also. The Ceylon based business comprised of tea estates and real estates. This family became wealthy, in the course of time, as they supported the British raj. The Governor Generals had a special corner for them and they on the go assigned valuable lands in and around Madras to this family.
The family was also known for usurping the properties of their kin in the guise of caretakers. Rumours still run about them. That is all history now,
They set up a university with their own donations supplemented by the collected funds. The university did impart education but as years passed it became a money spinner for the family. For each appointment right from menial to ViceChancellor percentage of the commission was fixed. So did they in engineering and medical seats. Imagine a student paying millions to become a doctor. What would be his status in the medical profession deemed to be very noble and has a call of caution around.. The graduate from the University claims himself to be a doctor. How far can the people trust him? If money is the way to becoming a professional then I and you without studying could well wear the garb. The candidate who enters the college does not apply his mind to study. He knows that his family would make him a doctor by advancing money to get through. This university has produced so many doctors of this calibre.
Oh! I have gone astray from the main. The business I was talking about flourished. The family did not interfere in the activities. It was the paid managers who oversaw. They were not in any way professionals.As there was no competition the business thrived. The family wallowed in luxury.
it so happened that the family could not beget an heir to their wealth. So the two branches as per the community's practice, adopted sons. Those two came from a much unknown families. They could not cope up with the high profile parents. The one chose a life of his own. He sailed abroad. The other one stayed in and discreetly took the control of the companies, set aside the father, and became invincible in the course.
The adopted father feels helpless. With his money gone and his age not by his side is trying to pull himself
An example for the wrong side.
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