Chapter 457 Statement of the Board of Directors of the Holding Company
Cyrus has been under a lot of pressure lately.
Although he holds a great advantage within the Tata Group, he has also formed his own dedicated core team to control the group companies.
But there was little movement from Ratan Tata's side.
This made him feel uneasy.
You have to know that in the beginning, Ratan Tata had a big reaction to every action on his side.
Whenever he was about to introduce a policy, the old guys standing on Ratan's side would make trouble and vote against it, which gave him a headache.
But now thinking about it, the situation at that time was actually easy to deal with.
Once the other party plays a card, it is in the open and you just need to resolve it one by one.
But now, Ratan was making very little movement and almost no reaction to his actions, which made Cyrus think more.
Cyrus didn't think he was being overly suspicious. He wasn't being paranoid.
Judging from Ratan’s previous performance, the opponent would definitely not watch him do this, and he would definitely counterattack.
As long as Ratan doesn't counterattack, he won't be able to eat or sleep well.
Because no one knows when that old guy Ratan will take action.
"Boss, I think they have no chance." He Yemu knew what his boss was thinking.
I know that he is very afraid of Ratan Tata.
But after such a long time, there was no movement over there. He Yemu felt that the other party was most likely unable to fight back.
Now the power of the Tata Group is basically in the hands of the boss.
The boss set up a 'Five-member Group Executive Committee' within the group. These five people are the core of the company.
Of course, these five people are all the boss’s confidants, and it can be said that Ratan’s people are completely excluded.
In today's Tata Group, the boss has the final say, and the people on Ratan's side have no influence at all.
"I don't know why, but I always feel a little uneasy lately," said Cyrus.
"Boss, you've been too busy lately. I think you need to relax. How about taking a vacation?" He Yemu asked.
"It's a bit busy, but taking a vacation is a bit exaggerated," Cyrus said with a smile.
Of course he knew that He Yemu was doing this for his own good.
However, he was still a little worried about the company. After all, Ratan had not fought back yet, so he could not be careless.
"It's okay to rest for a day or two," Cyrus said again.
"Okay, boss, we'll be watching over the company, so you can rest assured and have a rest." He Yemu said with a smile.
In He Yemu's opinion, his boss's situation is basically stable.
There's nothing wrong with taking a day or two off to recuperate.
This is also for the purpose of better engaging in work in the future.
Now that Cyrus was in control of the Tata Group, his power as a secretary naturally became greater than before.
In the past, Cyrus was restrained by many old guys. As Cyrus' power decreased, he, as the secretary, was naturally greatly affected.
Many old guys took advantage of their seniority and pointed at their noses and cursed in front of their subordinates.
But at that time, He Yemu could only endure it, he didn't dare to offend those old guys.
Because when the boss faces them, he always retreats.
It's different now.
Who dares to scold me? Do you want to die? Now I can walk with my head held high, and no one can speak loudly in front of me.
Except the boss, of course.
"Heyemu, you see, when I think about taking two days of rest, I suddenly feel a lot more relaxed." Cyrus said.
"Boss, you just worry too much." Heyemu said with a smile, "Now that I've let it go, I feel relieved instantly. So, you have to have a good rest and take care of yourself. The Tata Group will still depend on you to lead it in the future."
Cyrus couldn't help but burst out laughing.
He was actually quite proud of himself.
It was incredible that he was able to suppress Ratan's side and gain power in the company.
Even though he felt that Ratan would definitely counterattack, he didn't think that this counterattack would have much effect, and he was a little too worried.
He felt that this result was natural.
Those old guys have rigid ideas and simply can't keep up with the times.
The company's business philosophy is too backward. If it continues like this, the Tata Group will be doomed sooner or later.
When I took over the Tata Group from Ratan, there were already many problems within the group. These are the best proofs.
Proves that these old guys are no longer capable.
Only in my own hands can I develop the Tata Group and I am the savior of the Tata Group.
October 24th is an ordinary day, but you can also say it is unusual, because Diwali, India’s biggest festival, is coming in less than five days.
Preparations for this festival are underway almost all over India.
And on this day, a piece of news shocked the whole of India.
The holding company of the Tata Group held a board meeting and then issued a statement, saying that after discussion and research, the board decided to remove Cyrus Mistry from the position of chairman of the Tata Group.
Former chairman Ratan Tata has returned to serve as interim chairman of the Tata Group, responsible for stabilizing the company until a new chairman is elected.
Cyrus had no way to resist the decision made by the board of directors and had no chance at all.
Because this was a decision made under the auspices of the holding company's major shareholders.
The major shareholder is the Tata Foundation, a charity controlled by the Tata family and now chaired by Ratan Tata.
The fund controls 66% of the holding company.
In other words, Ratan has the final say on personnel appointments in the Tata Group, and it is useless even if others object.
Although Cyrus Mistry holds the largest share besides the Tata family, it is only a little over 18%, which is far less than that of the Tata family.
This little bit of shares will not play any role at all.
"Impossible, they can't do this. The Tata Group can only continue to develop under my leadership..." Cyrus roared after receiving the notice from the board of directors.
The naked girl next to him was shivering.
She had never seen this man so out of control, so angry.
You know, Cyrus is the chairman of Tata Group and he is in a very glorious position. How could he be like this now?
Cyrus was resting, but he didn't expect something like this to happen shortly after he came back.
He immediately called Heyemu because Heyemu was still at the group company and he needed to know the situation there.
But at this time, he found that he couldn't get through to He Yemu.
So he called several other of his confidants, but none of them went through.
Cyrus' heart sank.
Without thinking too much, he immediately put on his clothes. He had just finished having sex with this woman and had no time to be affectionate with her.
When Cyrus arrived at the Tata Group headquarters building, he was stopped by the security guard.
"Are you crazy? You dare to stop the chairman's car?" The driver looked at the guard as if he had seen a ghost.
This guard is not new either.
If you are new here, you may not recognize the chairman’s car.
But this security guard has worked here for decades and he is very familiar with the place. It is impossible for this guy to have mistaken the chairman.
"I'm sorry, there's an order from above that no one outside the group is allowed to enter." The guard said firmly.
"Am I an outsider?" Cyrus said with a gloomy face. He opened the car door and got out.
When the guard saw Cyrus, he looked obviously uneasy.
He had just received a notice saying that the chairman had been dismissed and was not allowed to enter the group building.
Although he had received the order, the guard was still nervous when facing Cyrus.
He was just a small security guard. The aura of a big shot like Cyrus standing here was something that not everyone could withstand.
Even though he is no longer the chairman, his influence is still there.
"Chairman~~~No~~that~~Mr. Mistry~~" The guard stammered for a moment, not knowing what to say.
"You bastard, what are you doing?" The driver also got out of the car, ready to teach the guard a lesson.
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The chairman’s time is precious, every minute counts.
Delaying a minute or two here could cause huge losses to the group.
But at this time, someone came in.
"what you do?"
The driver was stunned when he saw the person coming, and said with a smile: "Captain, this guy is really blind..."
The person who came was the captain who was responsible for assigning drivers to the senior executives of the group and was in charge of these drivers.
"You're fired." The captain looked at him coldly.
"Ah? I~~I didn't make any mistake." The driver couldn't accept it.
Why was he fired suddenly? You know, he was very successful since he became Cyrus' driver.
Many people inside and outside the group have to curry favor with him.
Drivers at the Tata Group, especially those who drive for senior executives, are actually treated very well.
But to him, this company benefit is nothing, his real income is some gray income.
That's because he is the driver of the chairman of the Tata Group. Those who want to curry favor with Cyrus will basically try to find him for some information.
Those guys were extremely generous.
In the few years since he became Cyrus' driver, he had earned more money than he could ever earn in his entire lifetime.
"Chairman?" The driver looked at Cyrus.
He soon felt at ease because the chairman was here.
The chairman has always been very satisfied with my performance.
What was the captain? Was it his decision to fire him? However, he was disappointed. Cyrus did not respond at all.
Because a few more people came out.
"Mr. Cyrus Mistry, you should know the news from the board of directors, so you cannot enter the group building now. We will notify you in time of some subsequent handover procedures, so please cooperate." said the leader.
Cyrus' eyes almost spit fire. How come he didn't know this guy? He was Ratan Tata's personal secretary and Ratan's confidant.
Seeing the other party's arrogant look, Cyrus became even angrier.
He is the chairman of the Tata Group. He was dismissed with just a notification and was not allowed to enter the building. He was not satisfied.
"Where are Heyemu and the others?" Cyrus suppressed his anger, tried to remain calm, and asked.
Now is not the time to conflict with them.
Cyrus had a bad feeling that he couldn't get through to Heyemu and the others on the phone.
"They are in the building and need to do some handover work." said the personal secretary.
Cyrus quickly understood what was going on.
These guys want to start with He Yemu and the others, and then they will definitely target me.
But now he found that there was no way out.
Because he couldn't even enter the Tata Group's headquarters building.
Ratan Tata was obviously well prepared. These guys should have blocked the building as soon as the announcement of his removal was released.
At this time, a sirens sounded from a distance, and the sound quickly became louder and louder until it appeared in front of everyone.
The doors of more than a dozen police cars opened and many police officers got out.
When a man got out of one of the police cars, Ratan Tata's personal secretary was delighted and immediately stepped forward and said, "Director Mahesh, I didn't expect you to lead the team yourself. You've worked so hard."
"I don't trust my subordinates with such a big task." Luo Dun said with a smile, "Where are they?"
"Everything has been controlled and they are now in the building," said the secretary.
"Okay, as long as they are involved in a crime, just hand them over to our police. We will definitely investigate them thoroughly." said Roton.
"Director Mahesh's words are definitely trustworthy." The secretary smiled.
He had received instructions from his boss to cooperate with Rawdon's investigation.
As for who to investigate, it is naturally He Yemu and others.
These guys are Cyrus's cronies, and they have taken advantage of this status to get too many benefits both inside and outside the group.
Many of these benefits come at the expense of the group’s interests.
It just enriches one person but harms the group company.
These are crimes, and given Ratan’s relationship with Roden, it was only natural for the Mumbai police to get involved in the investigation.
Cyrus' body trembled slightly. When he saw Roden and heard their conversation, he knew clearly that these guys were going to attack Heyemu and the others.
Ratan Tata is so ruthless that he wants to torture me to death.
When Rawdon passed by Cyrus, he glanced at him, smiled slightly, said nothing, and walked towards the Tata Group headquarters building.
Many police officers behind immediately followed.
"Officer, this guy also needs to be taken in for investigation." The secretary said to a second-level police inspector.
The Second Class Superintendent looked at Cyrus' driver.
The driver looked ashen.
He saw everything that happened just now and heard everything that happened.
The chairman was dismissed? How could this happen? He had no idea about it just now.
If the chairman falls, then isn't he finished?
How could his deeds stand up to investigation? So the driver suddenly collapsed to the ground.
The second-class superintendent immediately called two police officers to lift up the driver, and then he followed Rawdon and led his men into the building.
Those upstairs are the big fish.
The director is leading the team personally this time, so they dare not be careless in the slightest.
They entered the headquarters building of Tata Group to arrest people. This time, they arrested not just one or two people, but a group of people, all of whom were senior executives of Tata Group. Such an experience would be enough for them to brag about for the rest of their lives.
(End of this chapter)