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Showing posts from October, 2016

Tata Group - An exit & why & who next?

As I checked my twitter feed late in the night I was shocked to hear of the ouster of Mr. Cyrus Mistry as Chairman of Tata Group in what seemed like a Surgical Strike. Least expected and more importantly there had been no hint in any media including those on economics and finance that there was any trouble afoot within the Tata group. What is even more intriguing is the fact that even as the announcement was made, the name of Mr. Mistry and his team has been removed including his speeches, interviews etc from across the group websites in one clean sweep. It's one thing to change the Chairman of a company such as Tata’s, but another to do so in such a brutal fashion? One would think that such brutal change would happen only when the person involved has been caught in a completely unacceptable position, but here that doesn’t seem the case – or is there something that nobody knows about? The news that Mr. Mistry is going to drag the group to court indicates that he doesn’t qui...