From pupil to master
A behemoth gets up and about in many years and takes much longer to go down. Scepticism about Tata Empire abounds by western prudence measures & yet from time to time this benevolence, which is somehow snided by Western World as well, has been the pivot for the group's success.
Fortunately, Tata did not only invested in buying the backs but also invested in holding the hands that built what Tata enterprises represents today.
No other Industrial Conglomerate even on a global scale can boast that; leave alone India.
In most of the corporate India, including Tata, slowdown doesn't mean lay off or pruning, but an endured value of share albeit with modest expectations both ways.
This cultural issue has worked well and despite global downturns few can complain that any Indian Business House has gone in for a massive job cuts, unlike in the West where even a whiff of downturn makes the HR team busy with knife and a chopping board and all is stressed figuring out whose neck is on the block.
I personally hardly have any information about Cyrus Mistry, but surely being associated with one of the pioneering & prominent construction firm ( Shapoor Pallonji) for more than two decades and remaining out of the spotlight when the entire infrastructure sectors was in spotlight for devious deals speaks volumes about him.
Being the largest single shareholder of Tata Sons also helps him. It doesn't mean that he is gunning for extra dividends, but has approached the deal with equanimity, maturity and depth it deserves.
This decision is obviously not alone of Mr. Ratan Tata, but a lot of water had flown down the Board Room before this consensus decision emerged. To assume that Mistry is too small for Tata shoe is a misplaced thinking, he can just be a bird that just would like to fly out of the golden cage and just might explore newer horizons with new hope that makes the entire Tata clan see spanning its wing far and wider. And why not?
The value assessment on ROI has been misplaced without considering the downturn and cyclical nature of some of the businesses, like steel & who is making money in steel today?
None. Haven’t we seen an ugly spat in France just a few days ago with one Indian origin business on manpower restructuring (Arcelor Mittal)?
At least Tata was not so brazen & that is what makes Tata so much more valuable.
Maybe Mistry may take a few calls on asymmetrical businesses with consensus and let’s not forget that hallow of Ratan Tata would remain a beacon till his life for Mistry to become a truant child & let us also not forget that Tata Sons Board and its companies are also having its teeth to snap back at an ugly decision by Mistry.
Tata Group, a salt to software conglomerate, may have a few plate but they are not bad enough that it is not palatable.
Tata’s have run their businesses on a certain ethic, principles and philosophy and not always on metrics alone.
I am sure Mistry would surely fit into Ratan’s shoe over time; and who knows, He adds much more than the sceptics are worried about, including The Western Media.
Time would tell & so would The Media.
A behemoth gets up and about in many years and takes much longer to go down. Scepticism about Tata Empire abounds by western prudence measures & yet from time to time this benevolence, which is somehow snided by Western World as well, has been the pivot for the group's success.
Fortunately, Tata did not only invested in buying the backs but also invested in holding the hands that built what Tata enterprises represents today.
No other Industrial Conglomerate even on a global scale can boast that; leave alone India.
In most of the corporate India, including Tata, slowdown doesn't mean lay off or pruning, but an endured value of share albeit with modest expectations both ways.
This cultural issue has worked well and despite global downturns few can complain that any Indian Business House has gone in for a massive job cuts, unlike in the West where even a whiff of downturn makes the HR team busy with knife and a chopping board and all is stressed figuring out whose neck is on the block.
I personally hardly have any information about Cyrus Mistry, but surely being associated with one of the pioneering & prominent construction firm ( Shapoor Pallonji) for more than two decades and remaining out of the spotlight when the entire infrastructure sectors was in spotlight for devious deals speaks volumes about him.
Being the largest single shareholder of Tata Sons also helps him. It doesn't mean that he is gunning for extra dividends, but has approached the deal with equanimity, maturity and depth it deserves.
This decision is obviously not alone of Mr. Ratan Tata, but a lot of water had flown down the Board Room before this consensus decision emerged. To assume that Mistry is too small for Tata shoe is a misplaced thinking, he can just be a bird that just would like to fly out of the golden cage and just might explore newer horizons with new hope that makes the entire Tata clan see spanning its wing far and wider. And why not?
The value assessment on ROI has been misplaced without considering the downturn and cyclical nature of some of the businesses, like steel & who is making money in steel today?
None. Haven’t we seen an ugly spat in France just a few days ago with one Indian origin business on manpower restructuring (Arcelor Mittal)?
At least Tata was not so brazen & that is what makes Tata so much more valuable.
Maybe Mistry may take a few calls on asymmetrical businesses with consensus and let’s not forget that hallow of Ratan Tata would remain a beacon till his life for Mistry to become a truant child & let us also not forget that Tata Sons Board and its companies are also having its teeth to snap back at an ugly decision by Mistry.
Tata Group, a salt to software conglomerate, may have a few plate but they are not bad enough that it is not palatable.
Tata’s have run their businesses on a certain ethic, principles and philosophy and not always on metrics alone.
I am sure Mistry would surely fit into Ratan’s shoe over time; and who knows, He adds much more than the sceptics are worried about, including The Western Media.
Time would tell & so would The Media.
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