Bennett, Coleman CFO Subramaniam Leaves; Private Treaties’ Head Sivakumar To Oversee Finance
Shortly after CEO Ravi Dhariwal clearly told his employees that the times were bad, G. Subramaniam has stepped down as the chief financial officer of Bennett, Coleman & Co. Ltd. S. Sivakumar, CEO of Times Private Treaties, the group’s ads-for-equities program, will now also oversee the finance function. Subramaniam declined comment, and so did Dhariwal.
Prior to joining BCCL, Subramaniam was CFO at Star India Pvt Ltd, a News Corp (NYSE: NWS). subsidiary. At the time of writing, we couldn’t ascertain if he was immediately joining another company.
This is not a good sign for Benett Coleman, Subramaniam was the right guy for the job.
Kevin
kjohnson@walkersresearch.com
http://www.walkersresearch.com/emaillists.asp
Its Sad that GS has resigned, He was the right person for BCCL as well as other group companies.
Rajeev Srivastava,
¼, Sector D, Priyadarshini,
Sitapur Road West
Lucknow-226021
The Editor,
The Times of India,
Lucknow.
Dear Sir,
HOLIDAY SEASON AHED THIS MONTH FOR BANKS
This bears reference to the story published in Lucknow edition Dated 31-03-2009 on page three by Mr Pankaj Shah. I am a banker and would like to put forward certain points in connection with the story. May I have your permission to put forward a couple of facts for your thoughts as under
1. Every year in the months of October and April such situations come and all informed are aware of the all holidays, well in advance. These holidays are enjoyed equally by all the citizens of India under the existing rules. Why discriminate bankers? Will only bankers enjoy these holidays? Moreover if banks are to open on holidays let RBI and Government of India take a decision, which has happened in the past. From Times of India I expected a balanced view in the story. Bankers are also normal people. They like working; they like holidays. Why compare and isolate then as holiday mongers?
2. An ordinary glance over calendar shall make it very clear that between 27th of March & April 27th State and Central Government offices are closed for 16 days out of 32 of which four are three days long weekends to be precise March 27th , 28th , & 29th and April 3rd , 4th , 5th , 7th , 10th , 11th , 12th , 14th , 18th , 19th , 25th , 26th & 27th. Mr Shah has calculated Bank holidays for fourteen days during this period is beyond facts, as bankers are working on 21 days during this period of 32 days. People need to understand and appreciate the importance and sanctity of Banksâ Closing of Books as for bankers itâs more than a working day.
3. May I tell all uninformed, that bankers forgo the salary during strike, unlike many people who demand salary for strike period too? More over Bank strikes are informed well in advance.
4. Apart from holidays and strikes banks are truly concerned for customers and they have provided several alternate channels for banking needs. Do we need to mention ATMs and Net Banking?
5. Will any one appreciate that after all holidays and strikes all pending transactions get cleared within a couple of days as bankers finish the pendency soon after.
May I expect a rejoinder form the paper I have read for last thirty five years?
Yours Faithfully,
Rajeev Srivastava
go2rajeevsrivastava@gmail.com
9956820820
Wow that is interesting.
I think that's a great start and I think they will land somewhere that is great.