Word: asianization
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...Indeed, when foreign managers have been named to run Asian companies in the past, it's typically been due to a foreign takeover. That was the case in Japan when Renault bought a stake in Nissan Motor and brought in Carlos Ghosn to turn around the troubled automaker. Ghosn's now fabled success is no guarantee that all outsiders are miracle workers, of course, nor does it mean that Asian management is too stodgy and inward-looking to compete globally. Toyota Motor, perhaps Asia's best-run company, has achieved phenomenal international success with homegrown talent...
...Still, it seems inevitable that Asia's best companies will follow in the footsteps of Citibank and Coca-Cola, firms famous for tapping their worldwide operations for the best managerial talent. Economic reforms in places like South Korea and Taiwan in recent years have pushed Asian bosses to accept more outside influence by giving shareholders more rights and dismantling restrictions on foreign investment. Change will not come overnight. At the annual shareholders meeting of oil company SK Corp. in Seoul on March 11, some shareholders, led by Sovereign Asset Management, failed to oust chairman Chey Tae Won from the board...
...that all creative people are schizophrenic," he says. Kapur's interest in the business of show biz runs to helping set up the Indian Film Festival and speaking for the Confederation of Indian Industry, for which he champions Asia as the promised land of cinema. "With the rise of Asian consumerism, in a decade 70% of all movie revenues will come from Asia," Kapur declares. "Asian culture will become the international norm. It's reverse cultural colonization. Hollywood will still be making Spider-Man movies, but when Spider-Man takes off his mask, he'll be Chinese...
...Blanchett did indeed become a star, in movies like The Talented Mr. Ripley and Lord of the Rings. But Kapur's progress was less stellar. He made money, sure. On the Asian Rich List of the London Sunday Times, his wealth is estimated at $7 million. But his output was limited and oddly conventional. He directed the disappointing historical epic The Four Feathers (2002) and helped produce Andrew Lloyd Webber's striking but lowbrow Bombay Dreams (2004). Naseeruddin Shah, star of Monsoon Wedding and Kapur's 1983 debut Masoom (The Innocent), acknowledges Kapur's gift, calling him "the only Indian...
...school. His diligence and loyalty pleased his British masters, who sent him to Harvard to get a master's in public administration and granted him a knighthood. Tsang acted as a crucial bridge during Hong Kong's handover to China in 1997, and fought off currency speculators during the Asian financial crisis, postcolonial Hong Kong's first big challenge...