Ethical and Unethical issues in Buisness

Is it a criminal offence to default on loans? Case study of Vijay Mallya- This case talks about Vijay Mallya. Vijay- Mallya was born in the family of Vital Mallya. Vital Mallya's actual business was in company United Breweries. However, the actual founder of UB was Thomas Leishman. Vittal Mallya joined the company at 22 and started acquiring stakes of the company. First he became the director of the company and later on the chairman of the company. After becoming chairman of the company, he put his hands on different business like polymer ,battery, pharma etc. He had soaring ambition. After VM's father death he became the chairman of the company. And then he put his hands on different business like engineering related, education related but then he realized the main profit lies in liquor business so he concentrated on United Breweries. Slowly and Slowly under his supervision company reached new height. He started too work very hardly for this company and in sometim...

CASE OF CYRUS MYSTERY- This case is about the fight between the CEO who is not the part of the Tata family and between the management. Cyrus Mistry joined the board of  Shapoorji Pallonji Group, the biggest shareholder of Tata and sons in 1991 as  director and he was appointed as the M.D of the group in 1994. Shapoorji  Pallonji holds around 18% of the Tata and sons shares. The fight between the management and the Chairman of the Tata and Sons  flashed across the world when Mr Cyrus Mistry was removed from his office,  and Mr Ratan Tata was appointed as the Interim Chairman of the group. Removal of Cyrus Mistry from his office is not something which has happened  all of sudden rather it was under consideration from a very long time. The removal of Cyrus Mistry is termed to be legal as per the provisions of the  Indian law. The removal of Cyrus Mistry was executed by getting a majority  against his removal from the offic...