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​​​​​​​Raj Subramaniam to become President and CEO of FedEx Corporation | FedEx names Raj Subramaniam as CEO, replacing founder Fred Smith


Golwalkar

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Barclays VMware Match Gap WeWork IBM Alphabet Panera Bread Flex Microsoft Adobe Chanel Twitter & now FedEx.

( list by no means is complete. Also these lists do not necessarily delve into the absolute, unchecked power a CEO enjoys or does not enjoy, which no one talks about. To truly make an impact at those organizations. Do you really think a Nadella or a Pichai has a free hand at spearheading the direction of Microsoft or Alphabet in the same manner a Zuckerberg does?  Zuck who has something like 58% of Facebook's voting shares: Specifically, he and other insiders own Class B shares that have 10 times the voting rights of regular Class A shares. Laymen don't get this key distinction. )   

Also FedEx deliveries suck. Hope this guy fixes it.

-o-o-o-o-

Another desi cracks a corporate glass ceiling in US: Raj Subramanian named CEO of FedEx


Chalk up another for an Indian-American – and for the IIT brand. The Thiruvananthapuram-born, IIT-Mumbai-educated Raj Subramaniam has been named CEO of FedEx, the storied American transportation services company, taking over from the company’s founder Fred Smith. This makes him one of half a dozen PIOs to have crashed through the global corporate glass ceiling in recent months, joining the likes of Arvind Krishna at IBM, Parag Agrawal at Twitter, and Leena Nair at Chanel.

Any report about a person of Indian origin becoming CEO of a global company produces two extreme reactions from readers. One is an over-the-top, rah rah celebration that yet another Indian has become head of a multi-national company. The other is a sullen, resentful view that there is nothing “Indian” about such people who have given up their Indian citizenship. Some readers see the very fact that these people have chosen to live abroad and take up foreign citizenship as a betrayal.

The fact is most CEOs of Indian origin remain Indian ethnically and culturally and in their hearts, regardless of the citizenship, they may have taken or the passport they hold. Of course, their loyalty is to the country whose citizenship they have embraced (as it should be), but that in no way diminishes their Indian-ness. As I wrote many years ago, I’ll root for a Non-resident Indian (NRI) any day over a resident non-Indian (RNI), someone who lives in India in physical form only and does little to espouse or add to its values/value in any way. Handwringing and trolling anonymously on Twitter/social media doesn’t make one an Indian hero or patriot.

Besides, most of the CEOs and top executives are what I can incidental immigrants. They come to the west, usually the US, for further studies, start to work here upon graduation, and end up where opportunity and life take them. Some return to India; many don’t. A few return many years later either in the prime of their career or after retirement. Whatever they do, they add value to India’s image and brand. Of course, there are occasional bad apples.

The fact that so many IIT graduates leave India is not a poor reflection on them, but on India, which does not make it attractive or compelling enough a case for them to stay back. Joe Biden recalls an encounter with China’s President Xi Jinping where the latter asked him to define America in one word: Possibilities, says Biden; America is defined by its possibilities. For the longest time, India has been defined by impossibilities. Unless that changes, IITians and other young graduates will continue to decamp from India.

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A few things worth noting about Rajesh (shortened to Raj) Subramaniam. He’s been with FedEx almost his entire career, from the time he graduated from Syracuse University and earned an MBA from the University of Texas, Austin, in 1991. His IIT degree is in chemical engineering (IIT Mumbai 1983 – 1987). He was born in what was then Trivandrum and moved to Mumbai when he was 15.

He is also one of several Indian-origin execs who have reached the top in traditional legacy companies, who are typically less celebrated and feted than those in the tech world — the likes of Microsoft Satya Nadella and Google’s Sundar Pichai. Although FedEx is only 50 years old (two years older than Microsoft) it has an old-world feel to it. It is also the fifth-largest employer in America – after Walmart, Amazon, Allied Universal, and Accenture — with a workforce of 650,000.

Another notable Indian-American/IIT-ian who has smashed through the glass ceiling in the traditional sector in recent months: Vivek Sankaran, who became CEO in 2019 of Albertsons, America’s second-largest supermarket chain after Kroger, with 2200+ stores and 300,000 employees. His route to the top is similar to Raj Subramaniam’s: IIT Madras Mechanical Engineering (1981-1985), Georgia Institute of Technology (1987-1988) and MBA at the University of Michigan’s Stephen M. Ross School of Business.

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