Wednesday, October 26, 2016

CYRUS MISTRY REMOVED AS CHAIRMAN OF TATA SONS.

The sacking of Mr.Cyrus Mistry from the Chairmanship of Tata Sons 
shook the India Inc. May be, Mr.Cyrus Mistry was not in tune
with the Tata Group's Legacy.In 2011,when Cyrus Mistry was picked 
by Ratan Tata,his advise to Mistry was "Be your Own Man".Is the move
by Ratan Tata a sudden Move?.The answer may be "NO".There were
media reports that Two years back when Shappoorji Pallonji, Company
headed by Mr. Pallonji Shappoorji Mistry father of Cyrus Mistry was 
celebrating their centenary, Mr.Ratan Tata was not to be seen.

It is reported that Ratan Tata was unhappy with the decision to shut down
or sell the group's steel business in Europe.On the contrary,he wanted the
group to turn around the loss making business rather than sell it.Even
handling of Docomo issue was not to the liking of Ratan Tata.

Tata Is the biggest Corporate entity in the country.They have a legacy
of 148 years & will weather all the storm & come out successfully.This
time too they will emerge more stronger after this episode.







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