Wednesday 17 January 2018

Contradictory Change

Billionaire Mr. Anil Agarwal (Vedanta Group) made a startling statement (January 18, 2018):

"At the same time, businessman also needs to live simply. They have to have a simple house, simple car. I've seen in USA, all the industrialists are very, very simple. I've met Warren Buffett. He wears a shirt and pant, drives his own car." 

"Big cars and big houses give a wrong signal. Businessmen have to lead a simple life to set an example. You have to spend less on weddings." 

We will roll back to an article appeared in Lunch with Business Standard (first Published: Tue, February 15, 2005) subsequently republished in www.rediff.com:

"I have to do things differently. I have to project myself. I have to have a Bentley, the best of chauffeurs and butlers. All these add to the confidence," Agarwal says.

Mr. Anil Agarwal stays at Mayfair in Central London (once his mansion was valued at 20 million pound sterling).

Glimpse of a simple life:



We have to remember that Mayfair is considered as one of the most expensive village in London (www.ft.com). Further, Mr. Anil Agarwal has covered a long distance. Initially he was a scrap dealer (school dropout).

Similarly, it seems Mr. Anil Agarwal has covered the distance from having Bentley, Mayfair house (London) to being a person who advises to lead a simple life.

Indeed contradiction but still it is a change.

References:

Note: Date of posting is 17 January 2018 but article reference is 18 January 2018. This is due to the date appearing in Laptop which was one day slow due to cell issues.

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