Soon after he announced salary cuts that would affect more than 8,000 staffers, we did a Q&A over the telephone with Ravi Dhariwal, CEO of Bennett, Coleman & Co. Ltd, now a billion dollar company. BCCL’s publications include The Times of India and The Economic Times–two of India’s highest circulated English dailies. He says the measures announced today have been taken more to “get people to think along our lines” than for any material benefits. He thinks today’s measure won’t impact the company’s talent retention capabilities and says nobody could have predicted today’s business environment. Excerpts:
Do the measures you announced today indicate that the company is in a financial squeeze, and if so, what does it mean for the other projects the company is working on? Will ET Now be affected?
Not at all. The salary cuts don