Indian IT crook Satyam Computer Services is telling employees that they will receive their salaries for January.
That means all ye Satyam employees can pay your mortgages, car loans and next month’s credit card bills.
Hey guys, who knows what will happen with your February salary. So, go slow on splurging.
At its meeting today, Satyam’s government-named board appointed Goldman Sachs and Avendus as investment bankers to assist it in exploring several strategic options, including identification of strategic investors; obtaining expressions of interest; and ensuring a fair and transparent approach to the process.
Satyam board member T.N.Manoharan said selling parts of the company was currently not under consideration.
According to Manoharan, several entities and private equity investors had expressed interest in evaluating the company both as an integrated entity or in portions of the business.
The board also today appointed Boston Consulting Group as management advisors to spearhead the organization’s reemergence after the recent accounting scandal dubbed as India’s Enron.
Today’s meeting was the fourth since the new board since January 10. The next board meeting is set for February 5.