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B&E This Fortnight

B&E this Year : National

Issue Date - 19/01/2012
Cyrus mistry to succeed Ratan Tata

After much speculation, the board of Tata Group nominated the 43-year-old Cyrus Mistry as Deputy Chairman for Tata Sons and in line to succeed chairman Ratan Tata. The move was a bit surprising as Cyrus wasnít the initial choice for the post. But Cyrus is an insider of sorts and has been a board member for the Tata Group since 2006. He is the son of construction magnate Shapoorji Pallonji, who is the largest single shareholder in Tata Sons with an 18.4% stake. But questions arise about Cyrusís credentials for leading a conglomerate as big as the Tata Group. He may have to be particularly assertive in his decision making in the beginning, which was how Ratan Tata himself acquitted when he became chairman of the group in 1991.

Annaís corruption crusade

When Wikileaks founder Julian Assange was fighting alone for political and diplomatic transparency across the world, veteran anti-corruption campaigner Anna Hazare was setting the tone for fighting corruption in India. His movement created a new chapter in the history of independent India by exerting pressure on the Indian government to enact an anti-corruption law as envisaged in the Jan Lokpal Bill. He waged a peaceful crusade against corruption with an indefinite hunger strike in April staged at Delhiís Jantar Mantar and again in October at the capitalís Ramlila Maidan.


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