Re: US
by Virtual Insider on Jan 11, 2009 09:45 PM
You must be supporting Krushi bank, GTB, NFCL, Vasavi Bank, Charminar Bank, Prudential bank CEO's too....
Average Salaries at SATYAM were Rs. 9,36,800 pa . (Rs.4964.84Crores/53000) i.e., Rs.78000 per month. Had it been half or Rs.40000, would they have been uncomfortable in life ?
The Shameless Salary wars (instead of Price wars) snowballed into this kind of a Fraud.
Labour Costs in Agriculture over the Last 3/4 years rose to 3 times. But that was primarily driven by the Orchestrated Construction Boom Where too the Labour Costs have risen 3 times.
The Extraordinary amount of Money thus Circulated in the Poorest Strata of the Country has actually Devalued the Rupee to 1/3rd.
India's Growth Story of 8% GDP growth is actually a Collapse of Indian Economy to 36% (108/3). Or a DeGrowth of 64%.
Do we Need this ???
All Software companies, apart from other Sectors Must DECLARE a Cut In Salaries.
Else All the Investors money will vanish in the StockMarkets.
Latest News: Satyam has 25000 of Excess/Useless Employees. The situation could be similar with all other Big IT Companies.
Re: Average Salaries at SATYAM
by tamil on Jan 11, 2009 09:41 PM
yes.. ppl r going behind a service industries like IT.. whereas the core indutry is neglected in India.. whihc will lead to all problems in india..
Why are you guys so shell shocked? Yours is a society that advises, approves and applauds curroption. Can you all swear to God that you have never paid or recieved money at railway counter or temple trust, building society or at court house? Remember if he had been able to pull it off, he would have become a Hero in your eyes like Dhirubhai Ambani (who was curropt beyond any doubt). Do you only mind curroption if it affects the hair in your nose? Despite all that is being said about politicians and businessmen, every Indian contributes to curroption in his own way nevermind the consequences on deserving. The incentive for this comes from the decadent Hindi/Hindu/Muslim cultural and moral ethoes which advocate saving for your great grand grandest son if you can. Its your second skin all of your second skin. Your only panacea is to change your culture (the top segment is curropt everywhere but the high moral standards in the west ensure that the middle class is unaffected by this menace)
Re: India Sucks
by rexberry on Jan 11, 2009 06:34 PM
Can u swear that you have not cheated your wife or viceversa... can you swear that your child will also work in the country you stay and be away from drugs and s Ex ... can you swear that you will never use your credit card... JAA MUHH DHOKE AA or else credit card companies will come to harass you...
Re: India Sucks
by Sreekanth Nemani on Jan 11, 2009 09:38 PM
You mean the high moral standards in the west as displayed by Enron, Worlcom, Nortel, George Bush/Dick Cheney, Arthur Anderson, Lehmann Brothers etc etc??
Stop giving racist color to everything! Crooks are there all over the world, and so are good people
raju has not done anything wrong he is doing what most of the indian businessmans are doing in the name of business,govt employee are doing in the name of duty and politations are doing in the name of securing the people and the country
Re: this company is like titanic now
by Slap Him on Jan 11, 2009 05:48 PM
the name of company is tarnished all over the world and now the salesman are even sad to send mails mentioning their company name..when client will read the word "Satya" that moment itself the salesman will be asked to leave the offcie of the client..
The article talks of a big bunch of greedy vultures who want to pick the remains of dead corpse so they can have their stomachs full, of course without bothering of the diseases the corpse might be carrying nor of the value of money thus earned. Stocks are gambles and am not sure if they want a justification in gamble. Salut..
