Wilmington Seniors At Shawsheen Tech Encouraged To Apply For Special Rotary Scholarships

first_imgWILMINGTON, MA — Rotary District 7903, which includes Wilmington, is offering ten $500.00 scholarships to graduating seniors that attend a Technical High School.The scholarships will be awarded to seniors that plan to pursue a trade after graduation. The funds can be used to obtain a certificate or license as well as to purchase tools for their trade (electrician, plumber, automotive mechanic, carpenter, beautician etc.)This award is funded by Annual Giving donations to The Rotary Foundation.The application can be found HERE. The application has also been sent to the Shawsheen Tech’s Guidance Department.The application deadline is April 19. The Scholarship Committee will meet in late April to select the winning candidates.(NOTE: The above information was submitted by the Wilmington Rotary Club.)Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedTickets Still Available For Wilmington Rotary Trivia Night On June 14In “Community”Wilmington’s Ice Bucket Challenge Raises $5K For ALS Research, 100+ WHS Students ParticipateIn “Community”VIDEO: Watch The 2019 Shawsheen Tech Scholarship NightIn “Education”last_img read more

Heart over head poor acumen and lack of foresight Mindtrees parallels with

first_imgThe Mindtree logo. The company is fighting a takeover bid by Larsen & Toubro.When the mindset of people at the helm fails to keep pace with a firm’s growth, ugly boardroom dramas like the one playing out in Mindtree’s boardroom unfolds. The founders of the Bengaluru-based mid-size information technology services firm are locked in an emotional battle against the takeover bid by construction and technology giant Larsen & Toubro (L&T), which has deployed a massive Rs 10,733-crore war chest for storming the boardroom of the 20-year-old public-listed company.Mindtree founders Krishnakumar Natarajan, Subroto Bagchi, and Parthasarathy NS, and chief executive officer Rostow Ravanan have taken the battle to the public with a joint press conference and emotional posts on the social media. But L&T remains undeterred and managing director and chief executive officer SN Subrahmanyan has offered to allow Mindtree to keep its separate identity for “some time to come”.Even as L&T is expected to come out with a detailed public statement (DPS) on its takeover bid, Mindtree chairman Krishnakumar has demanded that the company founders would like to know the “contours of independence” that L&T would offer Mindtree. The Mumbai-based conglomerate has already made clear its decision to retain Mindtree as an independent listed entity. “I don’t know what the contours of the independence are. It is difficult to make a (judgement) based on a press statement,” Economic Times quoted Krishnakumar as saying. He claimed that the board of the 20-year-old company is “aligned to the logic” of the promoter group.The promoters jointly hold 13.32 per cent stake in the company, while L&T has already bagged 20.32 per cent stake form Café Coffee Day (CCD) founder VG Siddhartha. L&T, which already has its subsidiary L&T Infotech operating in the same market space as Mindtree, has made two open offers for accumulating 66.41 per cent stake in the company.Management experts, however, consider the emotional reaction of the Mindtree founders uncalled for, according to a report on Quartz website. “Part of managing a business as large as this is agility in dealmaking… the management have shown poorer acumen than one expects from professionals of their calibre,” Vivek Durai, founder of business intelligence platform Paper.VC told the website in an email. “They have also shown an amazing lack of ownership and foresight repeating exactly the same mistake as (Infosys founder) NR Narayana Murthy by passing the baton forward from one founder to another. A silly tradition that should never have started in a company that promotes meritocracy.”On March 19, Bagchi quit as head of Odisha Skill Development Authority (OSDA) and returned to Mindtree to lead the fight against the takeover bid. He tweeted, “Mindtree has not been designed as an ‘asset’ to be bought & sold. It is a national resource. It has a unique culture that humanizes the idea of business. It sets the standards of corporate governance. I need to be there in its time of difficulty. Hence the hard decision to return.”Quartz writes Bagchi’s interference is reminiscent of Murthy’s April 2017 outcry over the salary of then-Infosys CEO Vishal Sikka and the hefty severance packages doled out to former CFO Rajiv Bansal and former chief compliance officer David Kennedy. By August, Sikka had quit and co-founder Nandan Nilekani returned after a gap of eight years as non-executive chairman to stabilise the leadership churn. Mindtree board is preparing for a pitched battle in case of a hostile takeover attempt by Larsen & Toubro (L&T) that is in talks to buy up the entire stake that Cafe Coffee Day founder VG Siddhartha controls, making possible an open offer with possibility of a management change.mindtree.comlast_img read more

Khashoggi murder claims baseless Saudi

first_imgIn this file photo taken on 15 December, 2014, general manager of Alarab TV, Jamal Khashoggi, looks on during a press conference in the Bahraini capital Manama. Photo: AFPSaudi Arabia dismissed on Saturday accusations that Jamal Khashoggi was ordered murdered by a hit squad inside its Istanbul consulate as “lies and baseless allegations”, as Riyadh and Ankara spar over the missing journalist’s fate.As the controversy intensified, the Washington Post reported Turkish officials had recordings made from inside the building that allegedly proved their claims Khashoggi was tortured and killed at the consulate.A Saudi delegation arrived in Turkey for talks, officials said on Friday, with the case risking fragile relations between the two.In the first Saudi ministerial reaction to the accusations about Khashoggi’s killing, interior minister prince Abdel Aziz bin Saud bin Nayef said that “what has been circulating about orders to kill him are lies and baseless allegations”.The Kingdom “is committed to its principles, rules and traditions and is in compliance with international laws and conventions”, he added according to the official Saudi Press Agency.The case risks damaging the image of the kingdom and its ties to the West as crown prince Mohammed bin Salman promotes a reform drive at home.Big names from media and business have already cancelled appearances at a major conference in Riyadh this month.Saudi journalist and Washington Post contributor Khashoggi vanished on 2 October after entering the consulate to obtain documents for his upcoming marriage.Turkish government sources say police believe he was killed but Riyadh denies that.Did he leave?The Saudi delegation, whose composition was not immediately clear, is expected to meet with Turkish officials in Ankara at the weekend, state media said on Friday.It is likely that they will take part in a joint working group on the case, whose creation was announced Thursday by Turkish presidential spokesman Ibrahim Kalin following a request by Saudi Arabia.A Saudi official source quoted by SPA news agency said it was “a positive move” Turkey had agreed to the creation of what it described as a “joint action team” over Khashoggi’s disappearance.The Turkish leadership has so far stopped short of accusing Saudi Arabia, although pro-government media have published sensational claims, including that an “assassination team” was sent to Istanbul to kill Khashoggi.In a rare public comment on the case by a Saudi official, Saudi Arabia’s ambassador to Britain, prince Mohammed bin Nawaf al Saud, told the BBC that Riyadh was “concerned” about its citizen.Turkish president Recep Tayyip Erdogan has challenged Saudi Arabia to provide CCTV images to back up its account that Khashoggi left the consulate safely.Khashoggi, a Saudi national living in the US since September 2017 fearing arrest, criticised some policies of Mohammed bin Salman and Riyadh’s intervention in the war in Yemen.The Washington Post reported the Turkish government has told US officials it has audio and video recordings which show how Khashoggi was “interrogated, tortured and then murdered” inside the consulate before his body was dismembered.Turkish officials contacted by AFP refused to comment on the veracity of the report.Visual’ search onlyAnkara and Riyadh have been on opposing sides in the region on key issues, including the ousting of the Islamist Egyptian government and last year’s Saudi-led blockade on Turkey’s regional ally Qatar. Yet as key Sunni Muslim powers they have maintained cordial relations.But despite Riyadh’s agreement on Tuesday to let Turkish authorities search the Saudi mission, the probe has not yet taken place. The two sides have been in intense contacts to resolve the issue, local media reported.Pro-government Turkish newspaper Sabah said the search of the consulate had not yet happened because Saudi officials would only allow a superficial “visual” probe.The Turkish side did not accept the offer and Sabah said officials wanted to search the building with luminol, a chemical that allows forensic teams to discover blood traces.Officers were looking into sound recordings sent from a smart watch that Khashoggi was wearing when he was inside the consulate to a mobile phone which he gave to his Turkish fiancee waiting outside, Hatice Cengiz.Milliyet daily reported that “arguments and shouting” could be heard on the recordings, but Sozcu newspaper said only “some conversations” could be heard.Chilling effectBloomberg, the Financial Times, The Economist and The New York Times withdrew as media sponsors from the second Future Investment Initiative to be held between 23-25 October in Riyadh dubbed “Davos in the Desert” after the World Economic Forum in the Swiss resort.The CEO of ride-hailing app Uber, Dara Khosrowshahi, said that he will no longer be attending the event unless “a substantially different set of facts emerges”.British entrepreneur Richard Branson said he would suspend two directorships linked to tourism projects in Saudi Arabia over concerns about the missing journalist.Amnesty International demanded the Saudi authorities reveal what happened to Khashoggi as it said Riyadh was “responsible at a minimum for enforced disappearance”.last_img read more