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Mistry's removal principally wrong: Supriya Sule

  •   Thu, Oct 27 2016 02:45:28 PM

Mumbai, Oct 27 (PTI): NCP MP Supriya Sule today said the manner in which Cyrus Mistry was removed as Tata Sons chairman was "principally wrong".

"Tatas are a publicly listed company and all decisions are transparently taken. There can be differences and the Board has all right to take the step they have taken. But, I have an objection for the way the issue was handled," Sule told PTI.

"I feel what has been done is principally wrong. It could have been done with dignity," said Sule, daughter of NCP chief Sharad Pawar and Lok Sabha member from Baramati.

She is also known to be a close friend of Mistry and his wife Rohiqa.Mistry was removed abruptly as chairman of the Tata Group on Monday and replaced by his predecessor Ratan Tata, who will lead India's biggest conglomerate for the next four months till a permanent replacement is identified by a specially- created committee.

Mistry's family firm, Shapoorji Pallonji, is a construction major and one of the largest stakeholders in the Tata Group.
  

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Comment on this article

  • Mohan, Mangalore

    Thu, Oct 27 2016

    I think TATAs have put her recommendation letter for job for her candidate at dustbin.
    These parasites have spoilt the government body and now targeting private sector.Shame

    DisAgree Agree [4] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Thu, Oct 27 2016

    Tumi Kaun ...

    DisAgree Agree [12] Reply Report Abuse

  • JOY CASTELINO, MOODUBELLE/DUBAI

    Thu, Oct 27 2016

    Supriya Sule, whether removal of Agatha Sangma ( daughter of P.A.Sangma) from UPA cabinet is principally correct by your father????. Whether it was done with dignity???????.

    DisAgree Agree [13] Reply Report Abuse

  • Sanjeev Kamath, Udupi

    Thu, Oct 27 2016

    Sule has no business to interfere with Tata group which is known for ethics, transparency & corporate governance. She must have been denied favors by Tata, hence her mouth is open.

    DisAgree [2] Agree [15] Reply Report Abuse

  • Alex, Mangalorea

    Thu, Oct 27 2016

    No need to bring in politics into Business group.
    Tata group holds 68% of the shareholding in Tata Sons, and as such share holders have full rights to throw out or bring in any one.

    DisAgree Agree [23] Reply Report Abuse

  • Vincent Rodrigues., Frazer Town,Bangalore

    Thu, Oct 27 2016

    If Mistry was removed because he was non performing and performing not to the expectation this action of removal would have taken with board permission.

    DisAgree [1] Agree [19] Reply Report Abuse


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