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In 1983, R Edward Freeman prescribed the stakeholder theory for businesses — a moral directive for a businessperson to look after the welfare of his employees and other stakeholders.
Going by Mr Freeman’s theory, Vijay Mallya falls many miles short of being a conscientious businessman.
In 2012, Sushmita Chakravatri, the wife of a Kingfisher Airlines (KFA) employee hanged herself in her house in New Delhi, leaving a note written in Bangla exhibiting the level of financial duress that the family was under. The note reportedly said, “My husband works with Kingfisher, where they have not paid him for the last six months. We are in acute financial crisis and hence I am committing suicide.”
Last week, employees of the beleaguered airlines wrote their ex-Chairman a letter. “Mr. Mallya, your heart is impure and you have blood on your hands”, the letter said.
Using Twitter as a medium to voice his anger, Anjan Deveshwar is fighting for his and his colleagues dues, and consolidating the Kingfisher employees efforts in Delhi.
Deveshwar has had to sell the family’s fixed deposits and jewellery, and now maybe even his apartment in Kolkata.
These are just a few among the thousands of Kingfisher employees who have probably been stung hardest by the sordid crash of the airlines.
Their boss, the man they so admired, had once told them that “Kingfisher employees are like a family to me”. But going by the current state of affairs, seems like Mallya has brutally abandoned his family.
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