The above news has to be considered with the following statement:
Pawan Munjal will continue as executive chairman and a whole-time director on the board.
How much freedom Mr.Niranjan Gupta have in the organisation is a question that only time will answer.
Quoting from The Essays of Warren Buffet :
“Good jockeys will do
well on good horses, but not on broken-down nags. Both Berkshire’s textile business and Hochschild, Kohn had able and honest
people running them. The same managers employed in a business
with good economic characteristics would have achieved fine
records. But they were never going to make any progress while
running in quicksand.”
I think in the current context we have a fair idea on what or who the quicksand is.
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