Bugger the employees first and when the shit hits the fan then kiss their asses -Â That’s is Satyam’s unique contribution to business management. Yes, screw the employees by destroying the reputation of the company; screw the employees by reducing the value of their Satyam shares; screw the employees by devaluing their work experience at the […]
The Securities and Exchange Board of India (SEBI) has ordered an investigation into Indian IT services provider Satyam Computer today following disclosures of massive accounting fraud by the company. SEBI said it had ordered an investigation into the affairs relating to buying, selling or dealing in the shares of Satyam Computer and will also ascertain […]
For the most comprehensive coverage in the Indian blogosphere on the ugly fraud committed by IT services provider Satyam Computer, the blog to visit is SearchIndia.com – Your most trusted name in fair and balanced coverage of All Things Indian and More. Here are the posts related to Satyam: *Indian IT Crook Finds New Master […]
Satyam board member Ram Mynampati has been named interim CEO of the fraudulent IT services provider following the resignation of its Chairman B.Ramalinga Raju and Managing Director B.Rama Raju. Big Mistake We think appointment of Ram Mynampati is a BIG mistake. He is too closely associated with the old guard, having been with the company […]
Ever since our dear friend Dewang Mehta passed away in Australia many summers ago, Nasscom, the apex association of the Indian IT-BPO companies, has been going downhill. Dewang’s successors including the present fella heading the organization Som Mittal are just not up to snuff. After the disclosure today of massive fraud at Satyam, the Rip […]
The massive accounting fraud at Indian IT services provider Satyam Computer demonstrates the perils to U.S. and European companies of outsourcing. Over the last two decades, American and European firms like GE, Goldman Sachs, Siemens, Morgan Stanley and countless others have rushed heedlessly to outsource their IT work to Indian companies to reduce their costs. […]