Everything from management style, egos and strategic decision seems to be behind the ouster ofas chairman of Tata group. While the real reason behind the sudden move in the most admired business house in the country has not been given, speculation and reports quoting ‘sources’ suggest that the decision to replace Mistry has been brewing for some time.
Mistry tried to consolidate group finances and stayed away from big-ticket acquisitions and large marquee projects.
broke his silence on Cyrus Mistry’s ouster and said that move was not an ownership battle, Indian Today reported.
According to media reports, lack of of communication is the reason behind Cyrus Mistry’s replacement. CNBC-TV18, quoting sources, said that& Tata Sons were not informed about major business decisions.
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