The Day After

Everyone is patting the Government for its ’swift’ action on the Satyam case. Well, in our country time is a relative phenomenon, however, given past instances this defintely was way more faster than the norm. But is there more to this? Look at the math – 53,000 employees, multiply that by 3 (an average family) add shareholders, add the Raju community – enough votes for a sure shot win at the hustings. Besides the fact that several politicians are running scared. The positive is that the earlier board was disbanded, it anyway did not have much to stake in terms of credibility

I was looking at the various players post the dubious disclosure.

- Mynampati the interim CEO was the main player behind the World bank Fiasco. And today’s papers say that he was paid more than the Rajus and the Board put together, a whopping 3.5 crores annually. It is but logical that he was a Raju man. The papers say he is likely to be arrested soon alongwith 3o others who are likely abettors.

-  The much vaunted board with luminaries will also come under the scanner.  They have already fled the ship and have not owned up to lapses from their eminences. To say they believed the auditors and took everything at face value is not enough to save it.  

-  The employees live in fear and shame. At a time when the industry needs to support them, we have the ‘current flavour of the season’ Infosys stating they are tainted and that they wouldn’t hire them. So much for being responsible leaders of the sunrise industry that got them where they are.

- The new Board carries hope, with names like Deepak Parekh and Kiran Karnik the Government has scored a winner. By the way what does Achuthan look like? Every newspaper worth its salt has pictures of both Karnik and Parekh.  

Have you also wondered why no other company other than Infosys has been hogging the limelight? Between Mohandas Pai and NRN they have got more sound bytes from the Satyam fiasco than any of their own making. The most ridiculous sight was a leading luminary like Swaminthan Aiyer and comical Arnab Goswami pleading, in suitably self deprecating tones, with NRN to take over Satyam. It was absolutely comical and preposterous.  And NRN droned on, “Well…at Infosys, we…..blah blah”.