Friday, January 9, 2009

Cheap business tactics

Satyam's case has put forward how mean minded our business men are. The way by which other competetiors try to capitilise this situation and earn business is dis heartening. One statement by Narayanamorthy on ET "We cannot touch such a tainted company" is kind of disappointing. It is agreed that the management has done mistakes and they need to be punished but on the flip side no one is caring about the 50k employees and their fate.
When I see all other business gaints are keeping quiet it gives a suspicious thought that whether this issue is only with Satyam or else where also ? Was Raju doing it under the confidence that any way this is quiet common in India as all we know cheating Govt/breaking rules are quiet common for the richest sect of people.
One thing that is not clear is how can a company run like this for months . One or two months is understandable. The investigation should reveal lots of news and I guess with such indidents and the current economic crisis IT will no longer be the most preferred career for many

Wednesday, January 7, 2009

Satyam's Saga

Every one now on the business world should be talking about the Satyam' story. On top of it Media would be projecting its own story on this matter with lots of new stories and exclusive interviews.
Government has also now told that this issue need to be tackled by the corporate and Govt will not interfere in this matter

The only factor that is worrying is the company is not small ,has 50000+ employees. The employee morale and confidence need to be brought in ,else it will be a total disaster. It is hard to ask for a bailout either for the wrong deeds of the management. But finally the working class is suffering. May be this has thrown lots of questions and changes are expected on the employee safety when they were put into a fix like this by the top management

Lets wait and watch for few more days on how this goes