A bad time for Chosen Ones: Twitter reacts to Tata Sons removing Cyrus Mistry as Chairman

 In a dramatic development that took the corporates and others by surprise, Cyrus Mistry was on Monday sacked as Chairman of Tata Sons and was replaced by Ratan Tata, from whom he had taken over the reins of the over USD 100 billion salt-to-software conglomerate four years ago.

The surprise announcement came after the Board of Tata Sons met in Mumbai and decided to replace 48-year-old Mistry and appoint Ratan Tata, 78, as interim head. The board named a five-member search committee, which includes Tata, to choose a successor to Mistry within four months.

Mistry was chosen as Tata's successor in November, 2011, and was appointed Deputy Chairman of Tata Sons, whose board he had entered in 2006. He was made chairman on the basis of his representation from Shapoorji Palonji, the largest shareholder in Tata Sons.

There were no reasons given for the change of leadership of the man who was brought in with much fanfare but it is believed that Tata Sons was unhappy with Mistry's approach of shedding non-profit businesses, including the conglomerate's steel business in Europe, and concentrating only on cash cows. 

Here's how Twitter reacted 

Jose Mourinho has company

A bad time for Chosen Ones. https://t.co/7l0M5a6QYX

— ClooneyOfKerala (@sidin) October 24, 2016

Yeah...prompt removal 

Someone in Tata Sons is removing Being Cyrus from the VCR and putting back Prem Ratan Dhan Payo.

— Ramesh Srivats (@rameshsrivats) October 24, 2016

Tata Sons wasn't really tolerant... 

Just to bury his Intolerance comment, Ratan Tata fired Cyrus Mistry.

— Gabbbar (@GabbbarSingh) October 24, 2016

Yup...pretty much 

Oh boy! Brace yourself for "Tata, Cyrus!" & "Mistry why Cyrus was ousted" tweets/headlines.

— Navratna Wayne (@psubatman) October 24, 2016

Who will be the next Chairman? 

Job opening at Tata Sons.

— Shiv Aroor (@ShivAroor) October 24, 2016

Do you agree? 

A couple of things re #TataSonsCoup what are the chances that a 'sucessor' will not be found and Ratan Tata stays on Chairman? High IMO.

— Kushan Mitra (@kushanmitra) October 24, 2016

Brutal 

Coup d’éTata. What’s the mistry?

— पार्थसारथी (@Deshraga) October 24, 2016

Docomo intervention- the last straw? 

Desh mein Intolerance badh gayii hai - looks the Docomo arbitration may hv had a say https://t.co/G5T9mRLTVc

— Vijay (@centerofright) October 24, 2016

Coup? 

So Cyrus was correcting Ratan Tata's worst mistakes. Corus. Telecom. The last decade of Hotels. The Nono and Indica. So #coup it is.

— Kushan Mitra (@kushanmitra) October 24, 2016

Sigh-rus for Cyrus. 

@madmanweb Sigh-rus @calamur

— Sayoni Aiyar (@sayoniaiyar) October 24, 2016

With PTI inputs