Boardroom Bickering Has Perhaps Come Back to Bite Ratan Tata and How.
RATAN TATA, CONSIDERED THE face of India Inc. as de facto head of the country’s largest business conglomerate, has de facto admitted over the last four months, that his well-thought-out decision of choosing Cyrus P. Mistry as his successor at Tata Sons was wrong. The unceremonious ouster of Mistry, Tata Sons serving chairman, on 24 October has led to a fierce boardroom battle and unprecedented war of words. It has now become obvious that things were not all that clean at the Tata Group, which, until a few months ago, was known for its good corporate governance.
In the whole drama, Ratan Tata has failed to explain what was wrong with Mistry. However, a reverse analysis of his over two decade-old reign at the country’s largest business group as chairman and chairman emeritus proves that he had taken several erroneous decisions in the past. It is the culmination of such errors that has led to the latest boardroom battle, denting the reputation of India’s 150 year-old corporate flag bearer.
In this context, one of the most relevant questions that any Indian would like to ask is; Is Ratan Tata still an icon in the Indian business spectrum?
Independent observations of the Tata-Mistry tussle, which led to a series of boardroom fights at several group companies, hostile share holder meetings, legal proceedings and finally the appointment of a “harmless” outside professional as the head of Tata Sons, indicate that the reputation of India’s most important business conglomerate and its 78-year-old patriarch have now been shredded.
هذه القصة مأخوذة من طبعة January 23, 2017 من Businessworld.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة January 23, 2017 من Businessworld.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
MEMORIES & IMPRESSIONS
Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.
The Robotaxi Market
The robotaxi market is shaping up to be a high-stakes battleground as tech giants and automakers race to transform urban mobility.
And the Nobel Prize Goes to AI
The recent Nobel Prize T awards to AI pioneers affiliated with Google have sparked a broader conversation about Big Tech's influence on research and the limitations of traditional prize categories.
Ola Electrified
Once considered a trailblazer in India’s electric vehicle (EV) ecosystem, Bhavish Aggarwal’s Ola Electric now faces a major accountability crisis.
Sharp Slide in Industrial Output on Eve of Deepavali
India’s index of industrial production (IIP) saw a sharp reversal in August, contracting by 0.1 per cent, in stark contrast to the 4.7 per cent growth in July, mostly because of significant contractions in mining and electricity generation.
Heralding the Solar Era with Sustainable Electrification
RAJEEV KASHYAP on the economics of solar power, the hurdles in scaling it, and much more
A WELL-GREASED MACHINE
The OmniBook X14 laptop runs on first-generation Snapdragon X Elite, which bets big on Al-enabled productivity and battery life, but falls short when it comes to overall experience, says Deep Majumdar
DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH
For a family of four living in a metro, it is recommended to opt for a family floater health insurance plan with a sum insured of at least Rs 15-20 lakh
Disruption Ahead: Beyond Organisation Charts and Structures
ALBERT EINSTEIN FAMOUSLY said, “We cannot solve our problems with the same thinking we used when we created them.
Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment
We are on the stage of global warming, and these technologies not only help prevent further damage but also leave behind a better environment for future generations.