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‘Nobody Bigger Than Institution’: Mehli Mistry Pens Exit Note To Trustees At Tata Trusts
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Former trustee at the Tata Trusts, Mehli Mistry made what looked like a harmonious exit from the Tata group citing commitment to the late Ratan Tata
Former trustee at Tata Trusts, Mehli Mistry officially parted ways with the Tata group on November 4. (Image: @Suhelseth/X)
Bringing an end to the speculation around his trusteeship at the Tata Trusts, former trustee Mehli Mistry officially parted ways with the Tata Group on Tuesday.
In a parting note he penned for the trustees, Mehli Mistry stressed that “nobody is bigger than the institution it serves”.
Mistry made what looked like a harmonious exit citing commitment to the late Ratan N Tata. He addressed his letter to all trustees of the Tata Trusts, including chairman Noel Tata.
“… I have been made aware of the recent reportage surrounding my trusteeship in the Tata Trusts, upon my return to Mumbai last night. I believe that this letter should assist in putting the quietus on speculative news reports that do not serve the interests of the Tata Trusts and are inimical to its vision… I part ways with a quote that Ratan N Tata used to say to me, ‘Nobody is bigger than the institution it serves…’,” read Mistry’s letter.
In his letter, he expressed that his commitment to Ratan N Tata’s vision includes a responsibility to ensure that the Tata Trusts are not plunged into controversy and that precipitating matters will cause irreparable harm to its reputation.
“Therefore, in the spirit of Mr Ratan N Tata, who always put public interest before his own, I hope that the actions of the other trustees going forward will be guided by the principles of transparency, good governance, and public interest,” he wrote.
On October 27, the former trustee’s role came to an end and, as per the resolution of the Board of Trustees of the Tata Trusts taken on October 17 last year, he was to be reappointed as a lifetime trustee. But three trustees did not the reappointment to the two key trusts, the Sir Dorabji Tata Trust and Sir Ratan Tata Trust. He had also filed a preemptive caveat with the Maharashtra Charity Commissioner, requesting that he be granted a hearing before any modifications are made to the list of trustees.
(With agency inputs)
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November 04, 2025, 21:35 IST
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Target faces a new boycott over ICE response as retailer presses ahead with turnaround
A major teachers’ union is calling for its members to skip Target when buying back-to-school supplies, the latest twist in a series of boycotts that have targeted the big-box retailer as its turnaround shows signs of life, CNBC has learned.
The AFT, or American Federation of Teachers, passed a resolution Thursday that calls on its 1.8 million members and others to shop at local stores and not at Target, saying the company did not respond adequately to the surge of federal immigration enforcement in the retailer’s hometown of Minneapolis this winter. Federal agents shot and killed two U.S. citizens, Renee Good and Alex Pretti, during the operation.
The labor union, which is affiliated with the AFL-CIO, plans to urge a similar resolution at AFL-CIO’s convention in Minneapolis this summer and at conventions held by other organizations, including the NAACP and LULAC, AFT President Randi Weingarten said.
Target declined to comment specifically on the AFT’s resolution but said in a statement that it has “a longstanding commitment to strengthening the communities we serve,” including donating 5% of profits since the company’s founding and offering a discount to educators as part of a teacher appreciation program.
Target’s annual sales have declined for the past three years in a row, but the company’s new CEO Michael Fiddelke laid out an ambitious plan earlier this month to refresh its stores, add more enticing merchandise and return to sales growth. The retailer said it expects net sales to rise about 2% this fiscal year compared with the prior year and anticipates sales will grow every quarter.
It is unclear if and how much the AFT’s call for a back-to-school boycott could hurt Target, which is trying to win back customers. Earlier this month, Atlanta area pastor Jamal Harrison Bryant announced the end of a yearlong boycott of the company, called Target Fast, which had started because of the company’s rollback of major diversity, equity and inclusion initiatives.
At a press conference, Bryant said Target has demonstrated its commitment to the Black community with investments in Black businesses and donations to Historically Black Colleges and Universities. Yet other activists leading a separate boycott, including former Ohio state Sen. Nina Turner, have said they continue to call for shoppers to steer clear of Target.
The AFT previously supported and participated in the Target boycott over its DEI rollback.
The retailer has attributed some of its sales losses to backlash to its DEI decision, along with other factors including company missteps with merchandise, a weaker store experience and softer discretionary spending.
At an investor meeting in Minneapolis in early March, Fiddelke stressed that it’s “a new chapter for Target.” He said the company is “doing the work to build connection with new guests, deepen relationships with existing guests and earn back trust with guests we’ve disappointed.”
In a separate email to Target employees earlier this month, Fiddelke highlighted how the retailer is putting its strategy into action, including through its move to cut prices on more than 3,000 items and the opening of its 2,000th store. He said Target has made progress with winning back trust, too, noting the end of the Target Fast boycott.
He said Target has had “ongoing conversations with the organizers” of the boycott, who have “acknowledged the meaningful contributions Target has made, and will continue to make, to the Black community.”
In an interview with CNBC, Weingarten said the AFT’s boycott is focused on what she called Target’s lack of response to the surge of aggressive and violent immigration enforcement in its own backyard. Weingarten said the AFT sent a letter to Target and met with Target staff to encourage them to speak up before the union moved to pass the resolution.
“Target was negotiating with our colleagues in the civil rights community for weeks and weeks and weeks,” she said. “They could have very easily dealt with both [concerns about DEI and immigration enforcement] and they chose not to.”
She said Target is “more worried about standing with the Trump administration than the communities that made them a profitable company.”
Fiddelke joined dozens of executives from Minnesota-based corporations in co-signing a letter in late January calling for an “immediate de-escalation” in the state after the fatal shooting of Pretti. However, the letter did not name the shooting victims Pretti or Good or call out the president, his immigration policies or federal agents.
Fiddelke also shared a video message with employees that more directly acknowledged current events, but stopped short of calling for ICE agents to leave the city or for accountability in the two shooting deaths.
Weingarten described the CEOs’ letter as “insulting” and said it “basically blamed both sides.”
She said the union, which includes many teachers, can have the greatest financial impact during the back-to-school shopping season this summer and fall. By passing the resolution now, she said, the AFT can get the word out to members and “give Target enough time to come back to its senses.”
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