On 24/10/2016 Tata Sons Board removed Cyrus Mistry as Chairman and appointed Ratan Tata as Interim Chairman. On 25/10/2016 some spoke on the side of Ratan Tata. Harish Salve said Cyrus Mistry was incompatible with Tata values. Next day Dushyant Dave said Ratan Tata does not have good reputation due to his association with Niira…
Month: October 2016
Return of Ratan Tata
On 24/10/2016 Tata Sons Board removed Cyrus Mistry as Chairman and replaced him with Ratan Tata as Interim Chairman. This was a surprise. Ratan Tata is 78. He had retired in 2012. Cyrus Mistry is 48. He was 44 when he became Chairman. Mistry’s election in 2011 was a surprise. He was in the committee…
SBI should be split
There is a plan to merge SBI’s five subsidiaries with SBI. This is a bad plan. Arundhati Bhattacharya has got one year extension ostensibly to oversee the merger. The extension reflects poorly on the government and other SBI officials. SBI has lost thousands of crores of rupees if not lakhs of crores of rupees due…