Cyrus Mistry fires mail to Tata board members, says was never given chance to defend himself

The contents of the mail, which have not been made public, reportedly accuses the board of not giving Cyrus a chance to defend himself.

By: Express Web Desk | New Delhi | Updated: October 26, 2016 8:04 pm
Cyrus Mistry sacked, Tata chairman sacked, Mistry sacked, former Tata chairmen, Tata Group, Tata news, business news, companies news, latest news, indian express The contents of the mail, which have not been made public, reportedly accuses the board of not giving Cyrus a chance to defend himself.

Cyrus Mistry shot an email to Tata board members, protesting against his removal as chairman of Tata Sons, news channel NDTV reported on Wednesday. The contents of the mail, which have not been made public, reportedly accuses the board of not giving Cyrus a chance to defend himself. “The board has not covered itself with glory,” Mr Mistry reportedly wrote in the email, adding that the board “never gave me a chance to defend myself.”

WATCH VIDEO: Cyrus Mistry’s Career Timeline

 

READ | Tatas file caveats against Cyrus Mistry and his firm

Terming the move by the Tata Sons board as unprecedented, Mistry wrote that he was “shocked at the manner of his removal”. On Tuesday evening, the Tata group filed caveats against Mistry and his firm Cyrus Investment Pvt Ltd at various legal forums to prevent him from seeking an ex-parte order against his dismissal.

Ratan Tata took over as interim chairman to ensure that there was “stability and continuity”. He also said the process to find a successor would soon begin.

Tata also told group companies to act as leaders in their respective markets and enhance returns to shareholders. “The companies must focus on their market position vis-à-vis competition, and not compare themselves to their own past. The drive must be on leadership rather than to follow,” he said, addressing managing directors, CEOs and senior leaders of Tata companies. The Tatas have not made any changes in the top rung of the group after Mistry’s ouster.

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First Published on: October 26, 2016 10:40 am
  1. P
    Pritee P
    Oct 26, 2016 at 10:50 am
    Chairman shouldn't be based on the stack of shares ones holding but capability to hold the group by taking everybody with a vision .rather than taking decisions which doesn't even falls with own group directors, can take example of Mrs. Indra Nooyi never giving a chance to complain as she has kept one vision taking along all of them together...
    Reply
    1. F
      Franky
      Oct 26, 2016 at 10:49 am
      Defend the indefensible. Top post in a company remain at the pleasure of the Board. If the Board is not satisfied what else you can do.
      Reply
      1. K
        Kartha MN
        Oct 26, 2016 at 3:48 pm
        Principle of natural justice demands TATA board should have ensured that Mistry was given a chance to defend himself before being shown the door. Unexpected from the most unexpected quarters!!
        Reply
        1. P
          Parth Garg
          Oct 26, 2016 at 8:31 am
          If he accepted the wisdom of the Board in appointing him as Chairman, Mistry should be gracious enough to accept his removal by the same Board.
          Reply
          1. D
            David
            Oct 26, 2016 at 8:39 am
            Fair enough. Civility matters. But after saying that there is lots that is hidden. Is Tata a hidden arm of Britain that they take capital from India and invest in loss making European ventures and neither gain market foothold or technology. There is something shady.
            Reply
            1. S
              Sawan
              Oct 26, 2016 at 11:01 am
              No. Tata is not a hidden arm of Britain, nor is it like the Ambani Group. Most of the earnings of Tata Sons are spent on charity (Yes, here in India) through it's charitable trusts and not on monstrosities like Antilia.
              Reply
              1. R
                Ravishankar
                Oct 26, 2016 at 9:43 am
                During Ratan Tata's time he took certain commercially disastrous decisions that have considerably weakened the Tata empire. Now it seems a vigorous hunt is on to find a fall guy!
                Reply
                1. H
                  hoshi
                  Oct 26, 2016 at 11:41 am
                  It is not possible for any business family to produce a genius in every century. The TATA family has also run out of luck now and therefore the talent has to come from outside the family.
                  Reply
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