Cyrus Mistry the ousted Chairman of Tata Sons is
in direct confrontation with Tata Sons as well as Ratan Tata these days. Post
his firing from Chairman position; he shouted his defense to Tata Sons board
but also ensured that information goes to media and inflicted millions of $
investor wealth.
Few queries popped up which I want to put across
1. Why he accepted Chairman Position knowing
internal problems?
2. Why he never offered an insight of company
financial status during quarterly & Yearly financial results?
3. When he was aware of potential $18 billion
across companies then for what he kept waiting instead of moving a proposal to
write off?
4. Why he is holding board Chairman Position
of Tata Sons controlled companies when he was appointed by Tata Sons only.
One side he argue that all independent directors
were appointed by Tata Sons and they are supporting his work across Indian
Hotels to Tata Chemical then the same applies to him. When Tata Sons appointed
him then fired him. In that scenario he should resign from all the post but he
is trying to hang on. When company situation is so bad then why he is trying
his best to hold on. The reason is corporate politics. The manipulators of the
Industry is doing nothing but using Mr. MISTRY and his advisors are his real
enemy.
I must give credit to Tata Sons ethics but being
an investor of many Tata group company, I lost 25% of my investment because of
Cyrus Mistry intention to control the companies which he feels that he can get
it without investing single penny.
All investors should revolt against wealth
destroyer Mr. MISTRY and ensure that he steps down.
I must call him the shameless chairman of many
Tata Companies and articulated his silence since the beginning to ensure his
grip on the companies.
It shows that in his case greediness over ethics.
In my opinion, market regulator should launch
probe against him and some of the independent directors who are supporting him
to safeguard the interest of investors.
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