Beyond the usual handful of companies, India lacks business houses that shareholders, potential employees and corporate watchers can look up to with any great admiration
The shockers coming out of boardrooms at the Tata group first and Infosys Ltd now, remind us that even the mighty have feet of clay. But they should also point us to our own vulnerabilities. We are shocked to learn that the country’s most respected business house and its most admired software services company are both afflicted by the same frailties as any other Indian company; the shock is amplified because we placed them on a pedestal. After all, they were like no other.