Thursday, January 8, 2009

IT leaders score personal points over Satyam

By: Subhadeep Bhattacharjee

No sooner did the news of Satyam forgery come out in the media, rival corporate leaders were busy scoring personal points over Satyam. There could have been no better opportunity for some of the IT majors to settle scores with the tainted company. The Americans always call the Indian business houses immature and yesterday was a prime example of how true they are.

True what Ramalinga Raju and his partners in crime had done needs to be condemned in strict possible words. But abusing and branding the organization as untouchables was too much to say within hours of the revelation. It was really sad to see such harsh words coming out of the mouth of one of the IT pioneers in the country, a man who commands immense respect around the world. For the industry's sake they should have forgetting making business scores in the current situation.

Did these leaders even for once consider the moral of the employees in Satyam? Their immature remarks have shattered the moral of the employees working in Satyam completely. What are the signals they wanted to convey to the investors both in India and around the globe. This is not the behaviour expected from the leaders of IT giants who want to make India the hotspot if global IT industry.

For once all these individuals with so much of intellect should have understood that Satyam's loss won't be its alone. The image of the entire Indian IT industry is at stake. International clients will now have certain amount of apprehension in doing business with the Indian IT companies. Experts might term this as an isolated incident but a few people taking up guns can bring a bad name to the entire community. Likewise this sort of an incident can tarnish the image of the entire industry

What is required at this hour or crisis is a combined damage control by the entire IT industry. NACOM could have played a role in this by making sure such irresponsible remarks are not made by the IT leaders. There will be plenty of time to score personal points against Satyam in whatever form it will exist in the near future. The is the time for consolidation to save the image of the Indian IT industry rather than act with immaturity.


Rahul January 8, 2009 at 7:16 PM  

Can't agree more with you Subhadeep. It's time for the three honchos of the IT industry come together and save this company whoch wud otherwise defame our whole industry indirectly. What wud the image of the industry be in the face of the world !!

Anonymous,  January 9, 2009 at 12:13 AM  

Mixed thoughts actually...

Agreed da repute of Indian IT is at stake,but how wud the big three orchestrating a satyam rescue help Indian IT??Wud not it send wrong signals to their shareholders and creditiors..mean an alliance wid a company in da holes over malpractices,secondly a big time competitior?
ogether and save this company whoch wud otherwise defame our whole industry indirectly

What prompts u 2 say that the image ain't maligned as yet??And the three jumping ship wud somehow restore trust and face??ARe we talkin miracles here?

As Subhadeep said,Indian companies r branded immature...very true coz dey r,not jus in outlook but even in practices.

Everyone's overlooking a factor called PWC..
They were involved in fallacious/questionable auditing at two other firms before,namely DSQ Software and Global Trust Bank,both of which are long dead owing to financial bunglings.
So ain't Satyam jus a soft target,coz hardly any focus is being paid to PWC,which as we know is too big a name.

Subhadeep Bhattacharjee January 9, 2009 at 12:58 PM  

What I said was that SEBI and other agencies were required to take action there was no reason for all the leaders to go gaga over the entire incident that has happened

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