The founder of the Tata empire structured his company so that ~66% of it is owned by charities. Over time, this has directed more than $100 billion toward philanthropy.
The founder of the Tata empire structured his company so that ~66% of it is owned by charities. Over time, this has directed more than $100 billion toward philanthropy.
As an American spending time in India, it was mindblowing seeing how many things Tata either directly manufactured or had an interest in.
Cars, TVs, snacks, tea, hotels, bottled water, computers, internet service, heavy equipment… *fucking Starbucks* in India is an alliance with Tata. You see the Tata logo everywhere. *Everywhere.*
pr12542 on
I think there is enough evidence to support the fact that yes they were tradespeople but they made it to the big leagues on account of helping the British smuggle opium to China , don’t idolise people!
(Unrelated to Jamshedji Tata, the man in the picture)
I really want to believe in Ratan Tata’s legacy, but the electoral bonds stuff came out and… Tata Group gave a ***RECORD*** amount to the sitting government for semiconductor stuff.
Love his hat! Does it have a name? Is it still in use today?
willtendo64 on
Meanwhile most companies can’t even structure themselves to pay taxes properly
krtkyn7 on
way too much billionaire glazing in these comments
CapitalWestern4779 on
Fucking legend, making sure he’s company will always be “taxed” properly and that the money goes where it actually should. We need more Tatas
MailSynth on
Tata’s structure is why they’ve been able to build India’s first steel plant, first airline, and first IT company without shareholders constantly demanding quarterly profits. The charitable trusts can’t sell their shares, so the company basically has permanent patient capital locked in
BecomingUnstoppable on
That’s actually a fascinating model. Its rare to see a major corporate structure designed with philanthropy built into ownership
knightress_oxhide on
so 66% doesn’t go to the workers who actually did the work?
17 Comments
The man is Jamsetji Nusserwanji Tata.
More proof that all Tatas are good.
Was he a plastic surgeon?
As an American spending time in India, it was mindblowing seeing how many things Tata either directly manufactured or had an interest in.
Cars, TVs, snacks, tea, hotels, bottled water, computers, internet service, heavy equipment… *fucking Starbucks* in India is an alliance with Tata. You see the Tata logo everywhere. *Everywhere.*
I think there is enough evidence to support the fact that yes they were tradespeople but they made it to the big leagues on account of helping the British smuggle opium to China , don’t idolise people!
In the US you’ll find this store a Tata company
https://www.tanishq.com
There is a chad chin under that beard.
https://preview.redd.it/k25ffxpb1ang1.jpeg?width=512&format=pjpg&auto=webp&s=c3caeb5698a71263798a212a7693a1f0bd34c0af
(Unrelated to Jamshedji Tata, the man in the picture)
I really want to believe in Ratan Tata’s legacy, but the electoral bonds stuff came out and… Tata Group gave a ***RECORD*** amount to the sitting government for semiconductor stuff.
https://scroll.in/article/1088771/how-tata-group-became-bjps-biggest-donor-weeks-after-modi-cabinet-cleared-its-semiconductor-units (paywalled, but this is the original article)
🙌👍
Love his hat! Does it have a name? Is it still in use today?
Meanwhile most companies can’t even structure themselves to pay taxes properly
way too much billionaire glazing in these comments
Fucking legend, making sure he’s company will always be “taxed” properly and that the money goes where it actually should. We need more Tatas
Tata’s structure is why they’ve been able to build India’s first steel plant, first airline, and first IT company without shareholders constantly demanding quarterly profits. The charitable trusts can’t sell their shares, so the company basically has permanent patient capital locked in
That’s actually a fascinating model. Its rare to see a major corporate structure designed with philanthropy built into ownership
so 66% doesn’t go to the workers who actually did the work?
that is messed up