PETER CHRISTOPHER
peter.christopher@guardian.co.tt
Senior Multimedia Reporter
Businessman Arthur Lok Jack was yesterday hailed for his courage to make tough decisions as well as his belief in regional growth.
Tributes came from consultant Dr Shafeek Sultan-Khan, former Massy CEO Gervase Warner, Sandals executive chairman Adam Stewart as Lok Jack launched his autobiography at the Arthur Lok Jack Global School of Business in Mt Hope on Monday.
Sultan-Khan detailed Lok Jack's rise from a stationery clerk to a stenographer to the establishment of Associated Brand Industries Ltd and to his elevation to chairman of the Massy group. The consultant noted that Lok Jack's motto "Attitude determines altitude," guided his life and career.
He explained that Lok Jack's work ethic and business acumen could summed by his definition of Chinese economics
Sultan-Khan said,"His own version of Chinese economics, which is, you wake up early, work hard all day, you get tired, you fall asleep early, and when you sleep, you don't spend money. And when you don't spend money, you retain your earnings and that, my friend is Chinese economics."
Dr. Sultan-Khan also detailed several of Lok Jack's challenges, including his time guiding the transition of BWIA to Caribbean Airlines Ltd, which was expanded upon by Warner, who was hand-picked by Lok Jack for a task force overseeing that development.
That underlined, according to Warner, Lok Jack's courage, to undertake tough decisions by firstly calling for no political interference in the process, shutting the airline entirely and selling the Heathrow slots previously owned by the BWIA.
"This airline probably needs to shut down and maybe restart because it not making any sense. So we said, 'No, we can't do that. That's a terrible idea. You know, it's a very important to country, etc. So we said, Okay, let's try this transformation. Try the transformation plan. Arthur writes about it in the book. We said, okay, if you want to do this, (the Union) says, hell no, no way. Not on our watch. Union objects. We say alright, we closed on the 31st of December, 2006. We opened a brand company the next day, new contracts for everybody. I mean, talk about unpopular. Oh, my goodness! This was a move of grand, but I want to use the right word, courage," said Warner, who also explained Lok Jack's mentorship and guidance during his time at Massy.
Lok Jack who took to podium after the tributes, noted the need for out-of-the-box thinking and learning as he explained his times skipping school helped sharpen his mindset through the adventures and mistakes made along the way.
He said, "Success does not demand perfection. It demands perseverance, curiosity and a willingness to learn from every mistake."
Earlier his son, Nicholas, also noted that companies should not be ashamed to announce they are profitable, as he noted companies can not lend aid if they are not profitable.
The event was attended by several of Lok Jack's peers in the business sector including ANSA McAL executive chairman Norman Sabga, President Christine Kangaloo and several local politicians including opposition leader Pennelope Beckles.
