After the sweeping management changes at cHindu, the next day saw surprising news. The employees celebrated the management changes:
Members of the Union gathered at The Hindu’s main office, burst crackers and shouted slogans in support of the changes at the helm of the institution. They welcomed N. Ram and N. Murali, who took charge as Chairman and Co-Chairman of Kasturi and Sons Ltd., the Editor-in-Chief N. Ravi, Editor Malini Parthasarathy and Director Nirmala Lakshman.
Their rationale being
The ‘corporate governance’ that the institution was subject to recently brought out differences at various levels among the employees, and over time, would have brought disunity and disharmony.
Corporate governance bringing about disunity? And what is the alternative for a large media corporation - no governance. Let us return back to medieval ages.
In return for taking away governance the employees were offered sops. At least something is better than nothing.
The employees will get a goodwill incentive payment of Rs. 41,600 in addition to a bonus of 20 per cent of wages this year.