Wednesday, August 10, 2011

65 as the age of retirement from any active role

[‘The Hindu’ is being run like a ‘banana republic’ from churumuri 
N. Murali, the managing director of The Hindu, has retired. Below is the full text of his farewell letter to employees of the paper, in which he minces no words in describing the current phase of the paper, under the current editor-in-chief N. Ram, as a blot, second only to that during the Emergency under Ram’s mentor and their uncle, G. Kasturi.
“10 August 2011 … When I had proposed 65 as the age of retirement for a Director from any active role, it was with a view to ensuring a smooth succession at the top leadership of the company and of the newspaper while giving professionally qualified younger family members an opportunity to move to the top most echeleons. …
In these 18 months matters have reached a very low point indeed—with a brazen and crude display of factionalism, opportunistic and vote-bank politics, quid-pro-quo deals, bad faith, vindictive acts, selective targeting of individuals and pursuing personal agendas by some board members all combining  into a messy 'slugfest’ among the Board members.
There is no question that these anti-institution actions by a coterie of the Board have seriously eroded the quality, reputation and credibility of The Hindu and have also severely impaired the competitive ability and profitability of the whole enterprise.”]

But Pappu can’t listen, shh…! [TNM55]

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