Tatas vs Tatas — five blunt responses and a reality check
By Naval Burjor Ghiara
Every strawman anyone can find is being raised up and struck down as the commentariat tries to take a position against the one man whose just interests have been unfairly compromised by a disparate cabal that is making common cause. Their real agenda: Prise Tata Sons out of the hands of a member of the founding family. This must stop. Tata Trusts owns two-thirds of Tata Sons. How can any board defy a majority owner and act against their express wishes? This is not how capitalism works. In a Kafkaesque moment, I even heard a legal maven opine on national TV that Noel Tata should stick to running the Tata Trusts and leave the commercial interests of Tata Sons in the hands of a “professional who owes it to India to run Tatas”. I have five blunt responses:
It doesn’t matter if the majority owner of Tata Sons is a (bunch of) charitable trusts or a........
