“I was shocked beyond words at the happenings at the board meeting of October 24, 2016…” – C Mistry

Here’s the full email from Cyrus Mistry to the board of Tata Sons after he was ousted on Monday.

The headline from it is the “1.18 trillion rupees ($18 billion) in writedowns because of five unprofitable businesses he inherited” but there is much more here that sheds light on why this all blew up so suddenly, leaving Ratan Tata back in temporary charge.

Some choice lines before the actual thing, with our emphasis:

Continue reading: “I was shocked beyond words at the happenings at the board meeting of October 24, 2016…” – C Mistry

Here's the full email from Cyrus Mistry to the board of Tata Sons after he was ousted on Monday.

The headline from it is the "1.18 trillion rupees ($18 billion) in writedowns because of five unprofitable businesses he inherited" but there is much more here that sheds light on why this all blew up so suddenly, leaving Ratan Tata back in temporary charge.

Some choice lines before the actual thing, with our emphasis:

Continue reading: “I was shocked beyond words at the happenings at the board meeting of October 24, 2016…” – C Mistry

Breakups can be messy, Tata edition

You’ll remember Cyrus Mistry was unceremoniously removed from the top job at Tata on Monday.
Well on Tuesday he shot off an email to the holding company’s board…
From Bloomberg:
Continue reading: Breakups can be messy, Tata edition

You'll remember Cyrus Mistry was unceremoniously removed from the top job at Tata on Monday.

Well on Tuesday he shot off an email to the holding company's board...

From Bloomberg:

Continue reading: Breakups can be messy, Tata edition