Did Cyrus Mistry fall victim to an ossified corporate culture or did he violate Tata Sons’ ethos and culture? MG BanGa tells the story so far.
The removal of Cyrus Mistry as chairman of Tata Sons is being hotly argued, debated, deliberated and discussed across the corporate boardrooms, financial newsrooms, in government circles and many other forums nationally and globally. What triggered the decision? Surely, it is not as abrupt as it looks and is an outcome of simmering discontent.
The vital question is — is the removal linked to persona or performance? It could be the former, a personality clash after Mistry bruised egos of Ratan Tata and other loyalists on the board of Tata Sons. Different theories have been in circulation on the reasons for removal, but after the second letter issued by Tata Group spokesperson on 10 November, careful analysis points to the fact that the reasons are more attributed to Mistry’s inability to assimilate the Tatat group’s culture, in the process hurting the high and mighty of the group. The contents of the letter clearly point out that the Tata Sons Board was not happy with the arbitrary style of functioning, ignoring the higher bureaucracy of Tata Sons, trying to force his own culture with his confidantes that led to overall dissatisfaction.
As far as business decisions are concerned, RatanTata himself admits — which is on record — that when he took over as Chairman, he too had many differences with JRD and so Mistry too had a right as a Chairman to apply his mind and follow his style of functioning.
Diese Geschichte stammt aus der 30 November 2016-Ausgabe von Tehelka.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der 30 November 2016-Ausgabe von Tehelka.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Why Did Ratan Tata Feel Compelled To Take Charge Again?
Did Cyrus Mistry fall victim to an ossified corporate culture or did he violate Tata Sons’ ethos and culture? MG BanGa tells the story so far.
Misguided Youths Or Trained Terrorists?
As part of a dangerous trend emerging across the world, homegrown ISIL sympathisers are willing and attempting to carry out deadly terror attacks without any comprehensive support system.
Indian Railways: Living In Dreams
Indian Railways is changing track, giving up its separate Budget and experimenting with surge pricing on three popular trains. That leaves the behemoth with no funds to replace ageing assets and encourage further investments.
Priyanka Gandhi Agreed To Play Bigger Role In UP
Further delay in decision making could be detrimental to the party’s goal to rejuvenate its prospects in the State Assembly elections.
Mission 2019: Banega Swachh India?
Two years ago, Modi kicked off a cleanliness drive in a spectacular way. Showing the contrast between world cities and Gurgaon, MG BANGA suggests ways in which the mission can be accomplished by 2019.
The Goodwill Enjoyed By Mehabooba Mufti Has Been Erased!
Mehbooba Mufti risks losing her popularity and irking her party ranks by using New Delhi’s rulebook to deal with the unrest in Kashmir.
Is China's Support To Pakistan, Big Threat To India?
New Delhi needs to be cautious as in Pakistan’s scheme of things, strategic ties with China can serve as a powerful weapon to deal with adversaries like India.
Panama Papers: Nawaz Sharif'S Troubles Escalate
After his name surfaced in the Panama paper leak following several other charges of money laundering filed against him, there is pressure on Pakistani PM Nawaz Sharif to resign.
This Potus Will Make The World Go Bust
The man who believes global warming is a hoax and has a short attention span will now preside over the affairs not just of the United States but of the whole world. A daunting prospect.
Reel-Life Bohemians, Real-Life Hyprocrites
ADHM vs Palm Grove Heights: In cinematic life, two strangers Ranbir and Anushka meet in a pub in London and go on a kissing spree while in actual life back in India, a woman from Barcelona was evicted from her male friend’s home in Gurugram. Is cinema really a mirror of society?
