Mr Raghavan makes valid points regarding compensation etc. But we must also keep in mind that it was Murthy himself who selected Sikka as new CEO and praised him handsomely when he was inducted.
Re: Who selected SIkka ?
by Chaitanya on Aug 21, 2017 09:44 AM
Even if so, I don't think it justifies the actions and inactions of Sikka and the Board, in the context of the investor concerns raised.
Re: Re: Who selected SIkka ?
by Ashish Kulkani on Aug 21, 2017 12:34 PM
Mr. NRN and co-founder board members are responsible for the downfall of Infosys. In the tenure of Sikka, infosys was running in profits. This is irony of Indian management. Since none of the co-founder couldn't become CEO, as Mr. Sikka non co-founder being CEO, this is exact the point, ego of board members including NRN got hurt and therefore this is was is infosys fiasco all about. Got save such egoistic top managements.
Re: Re: Who selected SIkka ?
by chanakya maurya on Aug 21, 2017 12:43 PM
There can be an error judgement while selecting.
for example the then syndicate had selected Indira in the hope that she will do as directed by the syndicate that was subsequently kicked around by her.
Cyrus was installed with Ratan's full knowledge and consent. Yet, the former was kicked out most unceremoniously.
In HP the lady who steered HP exceptionally well as kicked out by the owners.
At Infosys Murthy may be just 3.5% but the founders together form a formidable forum of 13%, plus perhaps get supported by institutions to restructure the board to suit the founders and in the best interests of the shareholders.
Infosys is not just an IT corporate.
It is a citadel and monument of the values that Bharatvarsh so dearly cherishes.
Re: Re: Re: Who selected SIkka ?
by Ashish Kulkani on Aug 21, 2017 01:13 PM
How could this be considered as error judgement and over the cost of share holders and investors. This is pure board of directors (co-founders) grid towards the position and money. No one has raised concern when Mr. SD Shibulal former CEO for infosys, who is owning 700 apartments in USA, few more in Germany and India. There was no unrest within organisation. Because he was one of the co-founder From where did this Maya came from below link for your reference
It is a slow poisoning enroning the environment to an eternal doom, where the authorities like Sebi and CLB must step in to protect the interests of the stake holders.
An unusually substantial cash under a corporate misgovernance can rapidly result into an enron like situation from which Infy needs to be saved on an SOS footing.
We all should admire N.Murthy;s skills to bring this company up and up only on working skills contract for years without developing any innovative products by using H1B visas to maximum advantage paying Indian salaries for employed people in USA -Running a corporate like an nostalgic SSI family management is he not right piece for honour??
fight between the two is for the money. both are after personal benefits, sikka in terms of salary and perks , NM as dividend . But both denied and overlooked the other employees of lower ranks or the beginners. They are still surviving on meagre amount they get. Even a college lecturer draws more salary than their counter parts in Infosys with half the work load and more holidays. In Infosys , one is working round the clock and still struggling to survive . though company has good earning but workers are deprived of their good package.
NRN and his associates are icon for morality,ethics and all those values we cherish in corporate governance but not adhered to by most of the corporates.We do not need self-centered usptarts to usurp this south based iconic company which had given opportunities to thousands of our young engineers.
infosys is the lowest salary for startups and still people go as of name.But sal for sikka and his assocites make employees hakk- bakka(Is shellshocked in english)
This article glorifies narayana muthy. He must have restrained from public attack on his own promoted reputed company. Such actions really hampers the reputation of the company. It is said in some comments that Nm is like father to a misleading son. In any case he should have restrained himself from publicity. What he could do in his second term as infy chief . it is time for him to guide the company and share his vast experience in the field in proactive manner in the interests of company
Re: Narayana murthy muat have restrained from public attack
by sanjeev shrivastava on Aug 20, 2017 08:02 PM
The guy has become senile, he should withdrawn and use his vast experience to play golf.
Re: Narayana murthy muat have restrained from public attack
by Sudarshan Nityananda on Aug 21, 2017 08:42 AM
It was Murthy who himself selected SIkka as new CEO and praised him during the induction.
