|
Aug 14, 2012, 09.53 PM IST
A handsome retirement package would be a welcome gift to most, but Tata group Chairman Ratan Tata turned down such a suggestion from a Tata Steel shareholder saying the company has "taken good care" of him.
He was responding to a shareholder's request to the management to give Tata a "handsome retirement package". This was Tata's last AGM as Chairman of Tata Steel -- a company where he had started his career half a century ago in 1962. After steering the company for 21 years, Tata will pass on the leadership baton to his successor designate and present Deputy Chairman of Tata Sons, Cyrus Mistry in December, when Tata turns 75. Seeking support for Mistry, Tata said, "He has the ethics and values to steer the Group. I hope he will receive the same support from shareholders as I have received all these years."
Set email alert for |
 From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'  The latest earning numbers FIRST on CNBC-TV18
News Videos
|
