Ratan Tata’s ego led to the costly Corus deal: Cyrus Mistry
Ousted Tata chairman Cyrus Mistry on Tuesday said the decision to acquire steel firm Corus for over $12 billion, when a year earlier it was available at less than half that price, was based on Ratan Tata's ego. The decision was against reservations of some board members and senior executives and placed many jobs at risk, Mistry claimed.