Why Cyrus Mistry's new role at the Tata group means a tricky transition at the SP Group
Around the same time that the press release from the Tata group began flashing on TV screens, senior managers inside the $2 billion SP Group received an email from Cyrus Mistry telling them about his new role at the Tata group — and the fact that all the construction and infrastructure businesses in the group that he looked after would now be led by his brother Shapoor. So why was Cyrus Mistry willing to give up managing and growing his share of the $8.8 billion family wealth?