Businesses need an “economic tsar” or a “tyrant” to succeed, says President Yameen
03 Mar 2015, 8:44 PM
Ismail Humaam Hamid
An “economic tsar” or a “tyrant” is essential for a business to succeed, President Abdulla Yameen said at a ceremony held last night to celebrate local investment company Alia’s 50th anniversary.
While business decisions are made in boardrooms after considering social factors, President Yameen said economic decisions should be taken by “someone with an economic mindset.”
“Success for a business is to have an economic tsar or an economic tyrant leading it,” said Yameen, addressing Alia’s senior management.
Alia Group has remained successful for so long because it is a “strong family business,” Yameen suggested.
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