The feud between Ratan Tata and Cyrus Mistry is not a hidden fact. In 2016, Ratan Tata removed Cyrus Mistry as the Chairman of Tata Sons .
According to a newly released biography titled "Ratan Tata: A Life," authored by Thomas Mathew, Ratan Tata began to question Cyrus Mistry's suitability as the chairman-designate of Tata Sons by the end of the first year of Mistry's apprenticeship under him.
The apprenticeship was intended to provide Mistry with insights and hands-on experience on how to run the group before he formally took over the position, PTI reported.
The book reveals that when Mistry was chosen to succeed Tata in 2011, Tata had two observations. First, he wanted Mistry to "severe all relations" with his family's company, Shapoorji Pallonji Group , to create a "legal and tenable" separation. Second, he wanted Mistry to undergo a year of "parallel running" with Tata to gain insights and experience in running the Tata Group .
However, by the end of the year, Tata began to have doubts about Mistry's suitability. According to the book, Tata was surprised by some of Mistry's "sharp interventions" and wondered if Mistry's ethos could potentially conflict with that of the Tatas. Tata later lamented that he did not have the opportunity to fully assess Mistry before his appointment.
Mistry's removal in October 2016 was a painful and difficult decision for Tata, according to the book. Nitin Nohria, former dean of Harvard Business School, who was chosen by Tata to help Mistry succeed, said that Mistry's removal "in some way" was the "most painful and difficult thing for Ratan." Similarly, Venu Srinivasan, director of Tata Sons and Chairman Emeritus of TVS Motor Company, said, "Ratan suffered more than Cyrus in a way, people may not quite understand or accept it and for Cyrus it is certainly something he would not accept or believe but the truth is I think he (Tata) took a lot of suffering, on that score."
Tata wished that Mistry "should have been more dignified and graciously resigned after it became clear that he had lost the confidence of the directors." According to the book, Tata said, "Even for me, firing him this way was not our style of doing things. Our lawyers said that if it is not a surgical strike, he would go to the court and litigations would follow."
According to a newly released biography titled "Ratan Tata: A Life," authored by Thomas Mathew, Ratan Tata began to question Cyrus Mistry's suitability as the chairman-designate of Tata Sons by the end of the first year of Mistry's apprenticeship under him.
The apprenticeship was intended to provide Mistry with insights and hands-on experience on how to run the group before he formally took over the position, PTI reported.
The book reveals that when Mistry was chosen to succeed Tata in 2011, Tata had two observations. First, he wanted Mistry to "severe all relations" with his family's company, Shapoorji Pallonji Group , to create a "legal and tenable" separation. Second, he wanted Mistry to undergo a year of "parallel running" with Tata to gain insights and experience in running the Tata Group .
However, by the end of the year, Tata began to have doubts about Mistry's suitability. According to the book, Tata was surprised by some of Mistry's "sharp interventions" and wondered if Mistry's ethos could potentially conflict with that of the Tatas. Tata later lamented that he did not have the opportunity to fully assess Mistry before his appointment.
Mistry's removal in October 2016 was a painful and difficult decision for Tata, according to the book. Nitin Nohria, former dean of Harvard Business School, who was chosen by Tata to help Mistry succeed, said that Mistry's removal "in some way" was the "most painful and difficult thing for Ratan." Similarly, Venu Srinivasan, director of Tata Sons and Chairman Emeritus of TVS Motor Company, said, "Ratan suffered more than Cyrus in a way, people may not quite understand or accept it and for Cyrus it is certainly something he would not accept or believe but the truth is I think he (Tata) took a lot of suffering, on that score."
Tata wished that Mistry "should have been more dignified and graciously resigned after it became clear that he had lost the confidence of the directors." According to the book, Tata said, "Even for me, firing him this way was not our style of doing things. Our lawyers said that if it is not a surgical strike, he would go to the court and litigations would follow."
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