Lack of communication cost Cyrus Mistry his job? What led to his ouster? Cyrus Mistry may be a victim of back-seat driving

Everything from management style, egos and strategic decision seems to be behind the ouster of Cyrus Mistry as 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.

Ratan Tata 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 Ratan Tata & Tata Sons were not informed about major business decisions.

Read detailed stories here:Lack of communication cost Cyrus Mistry his job? What led to his ouster? Cyrus Mistry may be a victim of back-seat driving Cyrus Mistry Scorecard: Focus on consolidation and debt reduction

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s