18 June, 2021


Twist In Tobacco Tale

It has been a sweet send off for ITC’s Yogi Deveshwar, who addressed his last AGM as executive chairman of the cigarettes-to-food conglomerate. His 20-year legacy—staving off parent BAT plc and seeding a diversified, Rs 50,000-crore, profit-rich, professional company—is enviable. For a company operating in the hostile tobacco sector, Deveshwar has also managed the political environment brilliantly. But a small segment of retired ITC employees feel terribly let down by the company. These managers (including the family of a late former chairman) ret­ired at the top of their game before liberalisation. Now they draw monthly pensions of barely Rs 10,000 and a piffling sum for medical expenses. Sadly, their petitions for an “OROP” for ITC haven’t been...

Latest Magazine

June 21, 2021

other articles from the issue

articles from the previous issue

Other magazine section