A plastic start…
To understand the true meaning of ‘success’, one doesn’t have to go far. A look at Li Ka-Shing, Chairman, Hutchison Whampoa Limited and the epitome of ‘success’ clears all doubts. From being just an owner of Cheung Kong Industries – a plastic company to becoming the wealthiest Chinese individual - Li’s journey has been studded with challenges & achievements. Li came into the picture in 1979, two years after Hutchison International & Hong Kong and Whampoa Dock Company merged to form Hutchison Whampoa Ltd.. He purchased Hong Kong Bank’s stake in Hutchison Whampoa in a controversial transaction as the company was already doing well. Li has expanded the operations through both organic and inorganic mode and today, the company stands tall with a handsome turnover of $23 billion with operations in 56 nations and strong presence in sectors like ports, property & hotels, retail and telecom. Li Ka-Shing’s group is structured to retain disproportionate control through pyramid structure, dual-class equities and cross-holdings. His successor will in all likelihood be his eldest son Victor, a Stanford trained engineer and presently MD and Deputy Chairman of Hutchison Whampoa Limited. He is also the Chairman of Cheung Kong Infrastructure Holdings Limited and CK Life Sciences International (Holdings). However, his younger son Richard, preferred to venture on his own - clearing all possibilities of a feud! At 78, Li is one Asian mogul who has carved a niche for himself. And whether it’s Hong Kong or any other nation, he is respected everywhere!
- An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative
Rashmi Bansal Editor & Publisher of Jammag Magazine caught Red-handed, read more: