He made sure that his troops meet the performance targets – and in setting targets he followed the erstwhile ‘GE Way’ vision, which was to either be number one, or two. And in that vision, shareholders’ wealth became pristine. From Tata Steel (where the workforce reduced from 80,000 in 1992 to around 35,000 in 2006) becoming the lowest-cost steel producer in the world, to hiving off stakes in many industries, from Tomco to the Ambassador hotel chain, from TCS acquiring Chinese operations, to new found Corus deal, from telecom, to infrastructure, Tata Group leads, and like very few!
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Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006
