Monday, July 22, 2013

Dear The Mechanic,


Dear The Mechanic,  

Either show your genuine concern for the 'investing public," as youve indicated to the press last week, or take your conglomerate private as you've said is your choice (or threat?) many times in the past. Go back to the bourse after you've built a real, focused strategy, and have improved the crop of your top and middle managers. Most of them screams loud, but have no chutzpah and follow-through. They cant just copy your brashness, without substance from within themselves. All your good ones hark and jump to JFC, P&G, and Unilever the moment they get the chance. 

You have so much work to do to be at par with your should-be peers. AEV seems better managed. AGI, more so. I wont even throw AC side-by-side with you. Do not be all of brute stance and talk, RSA. 

Respectfully yours, 

Turmukesh. 

p.s. if you intend to take the company private, offer a good price to small-time investors still holding your stock and stood by you. Do not screw them as youve done in the past.

Goodluck, Mechanic. 

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