On October 24, 2016, the corporate world in India was shocked to learn that Cyrus Mistry (Mistry) had been ousted from the post of Chairman of Tata Sons, the holding company of the Tata Group. The reason given for the ouster was the disconnect between Mistry and Tata Sons with regard to values, ethos, vision, and the direction in which the Tata Group was heading. Experts stated that this was the first time that the Tata Group had taken such a drastic step against a very senior member of management. Many industry observers felt that Mistry’s ouster was a departure from the accepted ethos of the Tata Group. Some critics pointed out that though Mistry’s removal was legal it was unethical to remove a senior person from the group that prided itself on doing things the right way. Commenting on his ouster, Mistry said that he was “shocked beyond words”. He added, “The sudden action and lack of explanation has led to all manner of speculation and has done my and the group’s reputation immeasurable harm.”.... ..

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