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Showing posts from January, 2015

Ratan Tata sets an example at Jaguar (JLR)

Tata Motors the 314th largest company in the world, acquired  UK based Jaguar Land Rover PLC from Ford Motor Company in June 2008 for $ 2.3 Billion (Rs 14,000 Crores).

Soon after the acquisition was completed, Mr. Ratan Tata the head of Tata group called for a meeting in London to be attended by all the key persons of JLR.




JLR is a premium luxury  car manufacturer and 45 of the top executives of all the plants, and markets came to London, either in the company's own private jets or chartered aircraft to attend. A rather extravagant expenditure.
Mr. Ratan Tata, on the other hand, took a commercial flight from Mumbai to London. He then took a taxi from Heathrow airport to the office of JLR. People at JLR were astonished. How could such a big man, be so simple and unassuming?
The meetings took place without Mr. Tata mentioning the lavish style of management, and unnecessary wastage of money.
Many people earn money only to squander it, they may be rich only for a short spell. The wealthy i…