Mistry’s ouster, an unseemly affair

Mistry’s ouster, an unseemly affair: The circumstances do not enhance the Tatas’ reputation of observing the highest standards in corporate governance...

Underestimating Tatas' Legacy

Tatas  have  a 150 year history behind and perhaps standsalone as the single private sector group which  has striven to protect public interest and participated in India’s economic growth through thick and thin, working on trust principles. The opening paragraph of the Group’s profile on the website explains the Tata approach to business. It inter alia says: 
'To improve the quality of life of the communities we serve globally, through long-term stakeholder value creation based on Leadership with Trust'.
If there is one real reason for the unceremonious exit of Cyrus Mistry on October 24, 2016, it is unlikely that anyone outside Tatas may come to know of it. Probably, it may be the culmination of several events during the last few years affecting the fortunes of Tata Group, for which Mistry might not be the only person responsible. But, those outside need to concede to Ratan Tata, the right to  correct, through legally acceptable means,  if a succession plan he implemented after considerable contemplation has gone wrong, in his own assessment.
People who thought Tatas can be broken into manageable pieces by using methods like
leaving the institutions topless or with weak CEOs (similar to those successfully tried in PSUs like UTI and HMT), will, hopefully, be proved wrong here.

M G Warrier, Mumbai 


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