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.
This story is from the 30 November 2016 edition of Tehelka.
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This story is from the 30 November 2016 edition of Tehelka.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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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.
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