large MNC companies grow through acquisitions. You are forgetting how cash rich infosys is. The target is definitely not achievable if you add inorganic growth. Given the current market environment, infosys has done reasonably well.
Even if it can be presumed that vishal sikka can not deliver as expected is it correct to act ameturishly like what the founders did.The founders have made a pile of money for themselves by offering their 87.5% percent share to the public and now instead of allowing a true professional like vishal to work they have made unsubstantiated charges .One would reckon the publuc will know that vishal sikka was trying to make this cyber coolie company into a product company and so called founders who were fortune riders have not shown their capability in building any worthwhile company after they left infosys.With 12.5% share they must have maintained golden silence , and allow the systems to function with the available check and balances.One would think the founders have done irrepairable harm to infosys and india.As they did not know why infosys grew to rhis level,they are ignorent of the harm that they are doing to infosys.
Re: Even if the writer is right
by Raichand Babel on Aug 24, 2017 06:13 PM
It seems u r totally ignorant of Infosys History . Promoters offered their shares to public only once . Even at that they were minority shareholders. They made atleast one Lac crorepati out of their shareholder not to talk of employees. This is totally unprecedent in history of market world wide.Mr Murty has every right to ask question to board which didnot own any share of his own.
Even if it can be presumed that vishal sikka can not deliver as expected is it correct to act ameturishly like what the founders did.The founders have made a pile of money for themselves by offering their 87.5% percent share to the public and now instead of allowing a true professional like vishal to work they have made unsubstantiated charges .One would reckon the publuc will know that vishal sikka was trying to make this cyber coolie company into a product company and so called founders who were fortune riders have not shown their capability in building any worthwhile company after they left infosys.With 12.5% share they must have maintained golden silence , and allow the systems to function with the available check and balances.One would think the founders have done irrepairable harm to infosys and india.As they did not know why infosys grew to rhis level,they are ignorent of the harm that they are doing to infosys.
Re: Even if the wriyer is right
by vaman aphale on Aug 24, 2017 04:52 PM
as founder& stakeholder every one has a right to question else why it should be called Public company ? It was not Proprietory firm of Vishal sikka so as to decide the commercial matters without any logic. So what author says is perfect.
A worldwide search was made in 2014, to find the first non-founder CEO, i remember they came down to a set of four/five, and finally selected SIKKA. Comparatively he has done well subject to world industry turmoil in general and change of govt; in US in particular as software business has to depend on more external factors.
The TABLE shown is a proof of his performance under the given circumstances, except the third row ,may be could have been with less employees then also it depends on new assignments. Rest of the table shows it is in right direction subject to external conditions. Will it be different had one of the founder CEO in place of SIKKA is highly debatable. Aiming at 20B dollers and working towards it is nothing wrong, may be it may take more years and to predict it as unattainable simply shows as incorrect judgement.
Sikka was running it well and after three years finding him "not CEO material" is strange. Forget about CXO, CTO, as there are many successful CEO-s, without any of these letters.
Sikka was a proven CTO in an MNC, and was selected to head another MNC /INFOSYS. One can't expect a nobody to head a behemoth like INFOSYS.
If someone can't withstand his high pay n perks, is yet another story, as it has to be with international standards.
To be a first NON-FOUNDER, is difficult and SIKKA has done well and if founders couldn't withstand it tells another story.
If now a "founder" can do well as CEO is to be "proved &qu
A worldwide search was made in 2014, to find the first non-founder CEO, i remember they came down to a set of four/five, and finally selected SIKKA. Comparatively he has done well subject to world industry turmoil in general and change of govt; in US in particular as software business has to depend on more external factors.
The TABLE shown is a proof of his performance under the given circumstances, except the third row ,may be could have been with less employees then also it depends on new assignments. Rest of the table shows it is in right direction subject to external conditions. Will it be different had one of the founder CEO in place of SIKKA is highly debatable. Aiming at 20B dollers and working towards it is nothing wrong, may be it may take more years and to predict it as unattainable simply shows as incorrect judgement.
Sikka was running it well and after three years finding him "not CEO material" is strange. Forget about CXO, CTO, as there are many successful CEO-s, without any of these letters.
Sikka was a proven CTO in an MNC, and was selected to head another MNC /INFOSYS. One can't expect a nobody to head a behemoth like INFOSYS.
If someone can't withstand his high pay n perks, is yet another story, as it has to be with international standards.
To be a first NON-FOUNDER, is difficult and SIKKA has done well and if founders couldn't withstand it tells another story.
If now a "founder" can do well as CEO is to be "proved &qu
Sikka quit because of his inability to achieve target defined himself... He created a perfect excuse to blame NM instead of himself... Did all of this after raising his salary 10 times to guarantee retirement benefit... Board members must take responsibility that they participated in daylight robbery by Sikka
Even if one goes by the numbers, analysing last year's numbers with the earlier years ignoring the context of change, is like comparing VVS Laxman's innings at Kolkata where we won after a follow-on, with Brian Lara's record 400, or Tendulkar's record number of centuries.
My earlier comment on CTOs being more fit to be CEOs, should have been qualified...for tech companies. One also assumes that a CTO has a sense of business and develops technologies in context. Vishal Sikka's act at SAP rescued the company. Narayana Murthy, understood that in sensible times. Both Ravi Venkatesan who was a chairman on Microsoft India and Seshasayee who led Ashok Leyland - an engineering company, understood the strategy.
Accountants like Rajiv Bansal and Mohandas Pai, the erstwhile CFO of Infosys who also managed HR will not get it ! They can only see metrics, not what they measure. They will take their cut and then complain, as is the nature of auditors and accountants - have the cake and eat it too. As long as you can.
One can only guess if the former founders are creating a smokescreen only to hide past deals...was a BPO acquisition worth the while for a technology company
Sikka did not realize the power he had. Instead he played into the hands of a 65 plus madrasi who just cannot run an indian startup like a professional company. For him it has to be a lala company where the board and the ceo take orders from lala ji even if it is not on their appointment letter. He did all that to prevent sikka from becoming too powerful. The targets sikka set, made him feel insecure and he used his madrasi wisdom to get him out.
Re: Middle Class Mentality
by Jai Ho on Aug 24, 2017 01:18 PM
Aman, if you are here commenting on a company called Infosys, you have the same "Madrasi" to thank. Separately, your knowledge of corporate happenings seem to be as shallow as your knowledge about the south of India. The south largely comprises four states, namely Andhra Pradesh, Karnataka, Kerala, and Tamil Nadu. And, people who reside in Chennai. which was earlier Madras, are referred to as Madrasis. And, Murty, yest it is Murty and not Murthy, is from Karnataka, which makes him a Kannadiga.
Re: Middle Class Mentality
by R Swaminathan on Aug 24, 2017 02:28 PM
Aman Kumar It is this madrasi company that gave thousand of Punjabi's or biharis or up wallas jobs.It is the punjabi coterie that sikka formed surroundin him and indulged in free distribution of earnings of thousands of stuggling engineers that was his undoing.NRN made a mistake in handing over the company to a person like sikka.
Re: Re: Middle Class Mentality
by shibaji rakshit on Aug 24, 2017 02:39 PM
NRN and his old fashioned way of working came in the way of Vishal Sikka's plan to reinvent Infosys
Re: Middle Class Mentality
by s kumar on Aug 24, 2017 02:59 PM
@Aman kumar -don't make your personal dislike into generalised (madrasi) statements. Infact Murty was the one who stated his target is to make infosys people- millionaires. No lala says that. It is clear that revenue per employee which is the key KPI for IT companies is going down for infosys. VS could have waited for 2/3 years (may be he would have succeeded ! as well ) but being smart(played safe), he knew the trend and called it quits. Anyway no CEO gets distracted like this and if so then he is not CEO material .
Re: Middle Class Mentality
by Srinivas on Aug 24, 2017 08:52 PM
Aman Kumar, How pathetic of you. Some people fall in the category of "Scum of the Earth" and your racist comment puts you here. I think that you must be a colossal failure in life, who only knows to crib about others for the wrong reasons and indulges in idle/ vicious gossip. Grow up, get a life.
