Transforming Tata
India's largest conglomerate needs to reimagine itself.
A message to all the tycoons out there: beware of your grandchild.
Though the Bible advances the parable of the prodigal son — the wasteful offspring that fritters a father’s money — statistically, it is the third generation that marks the end of a family fortune. One American study indicated that 90% of wealth evaporates by that point, the casualty of …