India’s and the world’s most talked-about CEOs in February. In February 2009, the impact of global economic meltdown intensified across Indian shores, as some of the leading Indian CEOs announced rollbacks in their businesses. People at the helm of Subhiksha and Satyam—both bearing the brunt of the downturn in a way—dominated the media coverage. Globally, financial sector CEOs were most in news.
CEO of the Month
Subhiksha’s R. Subramanian came under intense media scrutiny after announcing that the debt-ridden retailer’s 1,600 stores will be nonoperational at least till May this year. However, Subramanian has insisted that he will not “walk out when the business is in trouble” (The Economic Times, February 26). In spite of the spat with ICICI Ventures, Subhiksha’s majority stakeholder, Subramanian was not really thought of as solely responsible for the company’s malady.