Seattle Daily Star

Succession planning in family businesses is critical for ensuring the continuity and growth of enterprises, particularly in India, where many businesses are deeply rooted in family structures. Sethurathnam Ravi , the former Chairman of the Bombay Stock Exchange (SethurathnamRaviBSE), stresses that a lack of clarity in transition planning is a leading cause of family disputes and disruptions in Indian corporates. These disputes, often centered around leadership succession, have jeopardized the long-term success of many family-run businesses. Sethurathnam Ravi According to SethurathnamRavi , the absence of clear succession plans leads to confusion and conflict, ultimately affecting business performance. He notes that effective succession planning must be deliberate and structured, taking into account various factors such as family dynamics, skill sets of potential successors, aspirations of family members, and the overall business strategy. Ravi emphasizes that a well-managed transition ...

Malaysian Prime Minister Anwar Ibrahim on Tuesday indicated that his government may consider India's request to extradite controversial Islamic preacher Zakir Naik if it provides evidence against him. Zakir Naik  At an interactive session at the Indian Council of World Affairs, Mr Ibrahim also said that the issue shouldn't deter the two countries from enhancing bilateral relations. To a specific question, he said the issue was not raised by the Indian side during Tuesday's talks. Zakir Naik is wanted by the Indian authorities for alleged money laundering and inciting extremism through hate speeches. He left India in 2016. The Islamic preacher was granted permanent residency in Malaysia by the previous government led by Mahathir Mohamed. "Firstly, it was not raised by the (Indian side), Prime Minister (Narendra Modi) did raise it much earlier, some years back... But the issue is I am not talking about one person, I am talking about the sentiment of extremism, of a compe...

Former US President Barack Obama and former First Lady Michelle Obama delivered powerful speeches at the Democratic National Convention underway in Chicago today, rallying the country around the candidacy of Kamala Harris, who is poised to become the first Black and South Asian woman to secure a major party's nomination for the presidency.  Obamas accused Donald Trump Taking the stage to a rapturous welcome, Barack Obama began his speech with, "Chicago, it's good to be home." He was greeted by thunderous applause from the audience. The former president quickly rekindled the spirit of his successful 2008 campaign, declaring, "I don't know about you, but I'm feeling fired up and ready to go!" "This convention has always been good to kids with funny names who believe in this country that anything is possible," he said. Sixteen years after first accepting the Democratic nomination, Mr Obama looked back with pride on his decision to choose Joe B...

Former US President Barack Obama and former First Lady Michelle Obama delivered powerful speeches at the Democratic National Convention underway in Chicago today, rallying the country around the candidacy of Kamala Harris, who is poised to become the first Black and South Asian woman to secure a major party's nomination for the presidency.  Obamas accused Donald Trump Taking the stage to a rapturous welcome, Barack Obama began his speech with, "Chicago, it's good to be home." He was greeted by thunderous applause from the audience. The former president quickly rekindled the spirit of his successful 2008 campaign, declaring, "I don't know about you, but I'm feeling fired up and ready to go!" "This convention has always been good to kids with funny names who believe in this country that anything is possible," he said. Sixteen years after first accepting the Democratic nomination, Mr Obama looked back with pride on his decision to choose Joe B...

The Congress government's decision to install a statue of former Prime Minister, late Rajiv Gandhi, in front of Telangana secretariat has set off a heated exchange between Chief Minister A Revanth Reddy and former minister KT Rama Rao. Revanth Reddy and KTR  Mr Reddy has said that a statue of Mr Gandhi would soon be installed on the secretariat premises. A statue of 'Telangana Thalli' - the state's mother goddess - will also be installed at the secretariat, he has said. Mr Rao, popularly known as KTR, has said the spot chosen by the Congress government for Rajiv Gandhi's statue had been earmarked for Telangana Thalli's statue. "Mark my words Cheap Minister Revanth. We will clear out the trash from the surroundings of Dr BR Ambedkar secretariat the very same day we are back in office," KTR said in a post on X. The former minister said it was turning the tenure of former Chief Minister and his father KCR that the Telangana secretariat was rebuilt into a ...

 A Tata Harrier SUV was seen ramming a Toyota Fortuner in a road rage incident in Maharashtra's Thane today. Tata Harrier rams a Toyota Fortuner  The video shows a child sitting in the backseat of the Fortuner. The boy screamed as the black Harrier, after hitting the white SUV from behind, took a U-turn and rammed their SUV again from the front. A man who was standing on the road was also hit by the Harrier and dragged for several metres. The police in response to a post on X, which alerted them about the incident, said they are looking into the matter. The incident happened at 11 am.

Starbucks' CEO Brian Niccol will have an unusually long commute to work as he becomes the coffee giant's new chief next month. Mr Niccol who lives in California will travel 1,600 kilometres every day to the company's headquarters in Seattle. Starbucks' CEO Brian Niccol As per his offer letter, Mr Niccol will use a corporate jet for his commute. Even when he is not traveling for work, he will be expected to work from the Seattle office at least three days a week, as per Starbucks' hybrid work policy which has been in place since 2023. The 50-year-old will be paid a base salary of $1.6 million every year and can earn a cash bonus of $3.6 million to $7.2 million depending on his performance.  He will also be eligible for annual equity awards worth up to $23 million. This is not the first time Mr Niccol has been part of such a supercommute arrangement. He successfully negotiated a similar deal when he was the CEO of Chipotle in 2018.  Chipotle was headquartered in Color...