India Inc is no stranger to high-decibel corporate boardroom battles, but this year everyone on the ring side was taken by surprise when Ratan Tata and Cyrus Mistry listed up for a top-draw fight, unannounced. However, the consumer brand of Tata remains intact while the employee brand of the group is around 99 per cent unaffected," said brand expert Harish Bijoor."But a retired chairman can also move on without feeling insecure about his legacy and have the emotional stature to know that what was once a right decision at one point in time may not be a right decision at another point in time.

Adding a different angle to the Tata-Mistry fight was Nusli Wadia, who was an independent director in three listed Tata entities -- Tata Steel, Tata Motors and Tata Chemicals.The suddenness of the development was far from the build-up to the fight between Muhammad Ali and George Foreman on October 30, 1974.It also sought appointment of a retired Supreme Court judge as the non-executive chairman and restrain interim Chairman Tata from attending board meetings and interfering in the affairs, among many other allegations.

Hide Comments | Add Comment