In a country where bitterness has often ruled succession among some of India's most prominent companies, the 141-year-old, US$71-billion Tata conglomerate appears to be a remarkable exception. Instead of getting set for a squabble as Tata's 72-year-old chairman, Ratan Tata, prepares to retire in 2012, the conglomerate has created a five-member panel to scout a successor. That is considerably different from the Reliance, Bajaj, Birla and Ranbaxy groups, whose siblings and scions have staged internecine wars for succession.
India's Tata Seeks to Avoid Fratricide
India's Tata Seeks to Avoid Fratricide
India's Tata Seeks to Avoid Fratricide
In a country where bitterness has often ruled succession among some of India's most prominent companies, the 141-year-old, US$71-billion Tata conglomerate appears to be a remarkable exception. Instead of getting set for a squabble as Tata's 72-year-old chairman, Ratan Tata, prepares to retire in 2012, the conglomerate has created a five-member panel to scout a successor. That is considerably different from the Reliance, Bajaj, Birla and Ranbaxy groups, whose siblings and scions have staged internecine wars for succession.
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