Expensive idea

Sometimes during corporate annual general meetings (AGM), shareholders come up with requests that seem frivolous to others present. For instance, at the 114th AGM of the Indian Hotels Company Limited (IHCL), some shareholders raised the issue of beverage coupons given too late, while others asked why shareholders were not given free accommodation for at least one night at one of the Taj properties. A shareholder also asked why IHCL was not hosting the AGM at the Taj Mahal Palace Hotel in Mumbai. Cyrus Mistry, chairman of IHCL, which operates Taj Hotels Resorts and Palaces, said, "It would be too expensive for IHCL to hold this meeting at a Taj property."