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SATYAM.........issue
by Pushp Shah on Jan 11, 2009 10:08 PM   Permalink | Hide replies

WHY MAKE EVERYBODY ELSE 53000 IN SATYAM FEEL THE STRAIN & PLAY WITH THE REST OF THE EMPLOYEES LIVES. THEY HAVE QUALITY PEOPLE OUT THERE & SAYTAM ALWAYS WAS A GOOD VENDOR. LET BUSINESS GO ON AS USUAL. QUICKLY APPOINT A NEW MANAGEMENT TEAM AT THE TOP, PROXIED BY THE GOVT IF NEEDED. GOVT CAN EASILY GUARANTEE THAT NO SUCH SCAMS WOULD REPEAT EVER. CARRY ON BUSINESS AS USUAL & PUNISH THE CULPRITS AS A SEPARATE ENTITY FROM THE COMPANY SAYTAM ITSELF, WHICH IS MUCH MORE THAN JUST RAJU. SATYAM WAS A REPUTED FIRM NOT ONLY BECAUSE OF ONE MAN'S EFFORT. GET RID OF THE CANCERED PARTS THATS IT & BRING IN BETTER LAWS WRT COMPANY AUDIT & HOW DEEP AUDITORS SHOULD GO INTO COMPANY ACCOUNTS TO DECLARE THAT EVERYTHING IS ALL & WELL. THIS GREAT COMPANY SHOULD RECOVER SOON BECAUSE OF ITS HUGE TALENTED WORKFORCE WHO ACTUALLY THE WORLD LOOKS UP TO & ARE A DEPENDABLE LOT. PLEASE THINK BEFORE WE GO THE ENRON WAY........THAT ULTIMATELY DOES NOT HELP ANYBODY PLUS IT CREATES A BAD IMAGE OF INDIA TO THE WORLD PLUS SO MANY YEARS OF GOOD EFFORT OF THE PEOPLE OF THIS COMPANY & COUNTRY IS LOST UNNECESSARILY FOREVER. LET THAT NOT HAPPEN UNDER ANY CIRCUMSTANCES.

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  Re: SATYAM.........issue
by Raja kannan on Jan 11, 2009 10:30 PM   Permalink
Well Said

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  Re: SATYAM.........issue
by Pramod Jain on Jan 11, 2009 10:30 PM   Permalink
well said Mr. men may go men may come; company remains forever. Lets not blame all the employees who work out there for a mistake done by the superior.

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  Re: SATYAM.........issue
by alok praveen on Jan 11, 2009 10:37 PM   Permalink
My dear friend...most of the good people would have left or will be leaving now after all this...an IT company has nothing but people and brand name ( brand name is already bad because of multiple reasons including World Bank). And why are you dragging government in all this. It is private company right ...performance drive....huh

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  Re: SATYAM.........issue
by debrispatel on Jan 11, 2009 11:09 PM   Permalink
First thing they should do is to get rid of the overly dominated "Telugu management". C'mon - which other public IT company do you see 100's Rajus and Vaddlamanis and Muddlamanis etc...?

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  Re: Re: SATYAM.........issue
by mahabodhi on Jan 11, 2009 11:24 PM   Permalink
First of all sack all Account departments staff , and Govt. should not pump any public money in this company! Many IT companies have reduced salaries of their staff so should Satyam if it wants to survive and all Maytas money siphoned from satyam be confiscated and all assets of Raju and his family be confiscated if this is not possible then let the Satyam be allowed to die a natural death1If Accounts Department was unaware of such siphoning off money and of so called cooked books then its not worthy of etaining!And all must remeber that India has 125 crores population and Satyam 's so called 53 thousand Employees is also myth!it is much less!And that for survival they must work hard and must generate their own money !when they say that they have good It specilaits and order book then why worry do ur job and get money from clients and accordingly run the company with the assitance of newly formed directors!Govt. in any case should not put any public money in this orgnisation!Let Lazzazrt be on the Directorship of the comany!let these new Directors go for Rights issue and collect money and run it if possible!and get back all the money siphoned off by Raju and his family!If Govt. wants to put money to sage guard these Employeees who in their chairman's words were not genarating enough margins then let Govt. first assure all poor Indians Govt. jobs and doles !Let all companies be nationalised!there can be no two systems for one company and one for other loss making companies!and

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http://www.rediff.com/money/2009/jan/11satyam-cfo-vadlamani-remanded-to-judicial-custody.htm