29-Nov-2011

Why Did They Search for Tata's Successor?

Shyam Menon wants to know.  A perfectly natural question.


Thus, even as the media gets busy telling us who and what Cyrus Mistry is, the totality of this succession can be gauged only when his top management team is also in place. 
Right now in the public eye, Mr Mistry is a child of equity holding. He has to prove himself within the larger Tata context (that is, Tata in the world as opposed to the world of Tata) or risk being seen as there thanks to shareholding. That is a clean slate to start off. It is also what typically happens during succession in family businesses. Things change and yet they don't. 
Which is why what puzzles me still is — why did they go searching? May be at heart, all businesses are simple and expectations otherwise are the stuff of public imagination and gullibility?

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