This post is one of several on business heirs apparent. Let us know in the comments whether you think Aditya Mittal should take up the reigns of Arcelor Mittal, and be sure to check out the other heir apparent posts.

The cliché for an heir apparent is typified by the movie Tommy Boy: a dim-witted, irresponsible child pissing away the business and money the parent spent a lifetime accumulating. That cliché couldn't be more wrong in the case of Aditya Mittal, heir to the Arcelor Mittal Steel (NYSE: MT) business.

Even the term apparent is a bit misleading, since London resident Aditya, at 31, is already more of a partner to his father Lakshmi Mittal. As CFO, the Wharton-trained Aditya was the guiding force behind Mittal's most audacious move, the purchase of European steel giant Acelor for $38 billion, and has continued to push for the promised production increases and operational savings that justified the deal.

Continue reading Heir apparent: Aditya Mittal, steel's next magnate

Heir apparent: Aditya Mittal, steel's next magnate originally appeared on BloggingStocks on Fri, 21 Mar 2008 17:10:00 EST. Please see our terms for use of feeds.