Guys, Any ideas on below? Anyone heard/read anything? Any guesses? Sound like Tata group to me???
But Mr. Ratan tata and Mr. Chandra seem to be getting along well ( At least as we know)
Trouble in paradise
Even as one of India Inc’s most iconic Chairmen (Azim Premji) vacates the corner room, the chatter is getting louder about a
former Chairman of a leading corporate group, who seems to have trouble letting go. The latest buzz, and worry, in this
conglomerate is about the increasing friction between the incumbent and the former Chairman, who
continues to wield a lot of clout. If not for the timely intervention of group seniors, say insiders, history would have repeated itself, and much too soon. An immediate crisis may have been averted, but beneath the apparent calm, differences continue to simmer
It’s difficult to say how the first sparks of friction came about between the once admired mentor, and his blue-eyed protégé. But it slowly built up as the senior raised objections to many of the incumbent’s plans to
restructure the group and improve efficiencies. On paper, the mentor is no longer involved in day-to-day affairs. However, he is said to keep track of everything happening in the group, and so took offence at not being informed of key decisions.
This included plans to sell parts of an over-priced acquisition.
The seniors are working hard to keep peace, especially when the group has already been hit with some negative publicity after troubles in some of its units. But it is an uneasy calm, as neither side can afford to precipitate matters.
https://www.moneycontrol.com/news/b...allenger-mentor-turned-tormentor-4075101.html