The Tata business

The Tata business: This refers to ‘Mistry's ouster, an unseemly affair’ by Raghuvir Srinivasan (October 26). On the face of it, the conclusion that “The circumstances do not enhance the Tatas’ reputation of observing the highest standards...

The Tata business
This refers to ‘Mistry's ouster, an unseemly affair’ by Raghuvir Srinivasan (October 26). On the face of it, the conclusion that “The circumstances do not enhance the Tatas’ reputation of observing the highest standards in corporate governance” may seem factual. The Tatas have a 150-year history and stand alone as the single private sector group which has striven to protect public interests and has participated in India’s economic growth through thick and thin, working on trust.
If there is one reason for the unceremonious exit of Mistry it is unlikely that anyone outside Tatas may come to know of it. It could be the culmination of several things over the last few years affecting the fortunes of the Tata group, for which Mistry might not be the only person responsible. But, we 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.
MG Warrier
Mumbai

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