Monday seems to be a bad day for the ‘new gen’. The entire morning was filled with images of the Samajwadi Party chief Mulayam Singh Yadav downsizing his son and Chief Minister Akhilesh Yadav. And now, another old guard has taken charge. Four years after he stepped down as Tata Chairman paving way for Cyrus Mistry, Ratan Tata is back at the helm of affairs.
In a sudden decision on Monday, Cyrus was removed from the top post and Ratan Tata was asked to take over the reigns for the next four months till a new chairman is appointed. Mistry would have completed four years as the Chairman in December. Reports say he was slowly and steadily changing the way the group conducts its business.
Twitter cannot get enough of this sudden transition.
— Mahesh Nayak (@MaheshNayak) October 24, 2016
Ratan Tata had been the chairman from 1991 till his retirement on December 28, 2012. During his tenure, the group’s revenues grew manifold, totalling over $100 billion in 2011-12.
— Abhishek Gureja (@AbhishekGureja) October 24, 2016
After serving as the director of the company since 2006, Cyrus was made Ratan Tata’s successor in 2012. Before joining the Tata group, he was the managing director of the Shapoorji Pallonji Group.
Why was Cyrus ousted will remain a Mistry
— Pratik Prasenjit (@pratikprasenjit) October 24, 2016
Mistry graduated with a degree in civil engineering from Imperial College, London, UK, in 1990 and received an MSc in management from the London Business School in 1997.
— Snehal (@musingsman) October 24, 2016
Twitter went into gyaan mode as soon as the decision was announced, advicing that government jobs are the best!
What do you learn from TATA sons fiasco?? Bhai, kitne bhi bade ho jaao, job security govt job me hi h..!! #CyrusMistry
— Mommaz Eyes (@mommaz_eyes) October 24, 2016
Tata Sons removes Cyrus Mistry as chairman, Ratan Tata takes over! pic.twitter.com/hBLQvT79ac
— Aditya Prasad (@connectaditya) October 24, 2016
Like always, Twitter is having its share of fun!