THE WAY TO TAME THE TIGER

The saga of Satyam Computers started with Mr B.Ramalinga Raju's dreams. He had maintained it till the day he send the letter to the management and employees. The shock wave tremble the employees , shareholders, and investors. Rather, it can be called as a suicide note. It is clear to every one that Mr Raju is not alone in this 700 crore fraud. He is covering up some people who are known and hand in glove with him. Satyam has always maintain its transparency in business. What happened some days back is a nightmare beyond imagination. Senior management people like Vinod Dham and Srinivas Vadlamani sold their shares much before this scam came to limelight. They never think of the innocent employees and thousand of young engineers and BPO employees , share holders and investors who depends on them. Mr Raju's confession stunned the whole corporate world. He manipulated the accounts by inflating revenues and profits over period of several years . When the bubble burst the castle built in sand collapsed in a day. Its also shocking and sad part of it that top IT professionals like Mr Narayan Murthy of Infosys boasting and giving derogatory and immature remarks in this crisis than helping the company to come out of the crisis where 50000 employees job in stake. He even ordered his officials not to recruit any employees from Satyam because of its tainted image. How it is possible that the innocent employees are involved in the scam which made by Mr Raju and his board members? It shows his meanness. Its shameful to hear the remarks of Mr Murthy's comments on Satyam. Mr Murthy should realize that Mr Raju taken all responsibility on himself. Mr Murthy has forgotten the sexual harassment case which had tainted the image of Infosys in past. There are lots skeleton in the closet.He should refrain himself from giving such lewd remarks. In this time of global recession all IT companies are facing problems all over the globe. Lots IT professionals got pink slips from their company. The global recession in the US which accounts for more than half of India's total IT revenue and turmoil in the global financial sectors have brought pace of growth down and has battered stocks. Mr Raju is not solely responsible for this scam. It’s the auditors , politicians, and those people who are bribed and responsible for the whole episode. Its time for each and every employee , govt, investors, shareholders hold their hands together to the safe guard of the company. Satyam has two decades of deliveries to demanding clients behind it. Still after Mr Raju's confession the clients shows satisfaction and have faith in Satyam. The employees should proud that they have no hand in in this scam or they have not benefited from this. Help is coming from Central Govt, State Govt, and clients . The three board members who have appointed by the Central Govt. are all giants of crisis management. The most important is investors, confidence and employees spirit and motivation and faith. Employees do their work fairly. IT guys are more system oriented and they must take it up as a challenge. Maybe a new management, a new CEO, new CFO. Nothing is impossible as the company has lots cream of IT professionals of India with it. What has happened is history. The Satyamites who has unblemished track record. The brand Satyam definitely will back with a bang. There are people the real Satyamites whose talent has been recognized by Satyam. Indian IT companies has all built by IT service professionals not by the board. So all Satyamites should be united and should not be frustrated. The patience of the employees are remarkable . In the global recession hardly any IT firms in globe are doing any profitable business. Its appreciated that Mr Raju for his courage. Neither he flee from the country which was quite easy for him or put all blames on others. He still confessed that he did all the fraud by himself. He surrendered to the police and ready to face the consequences. He has paid the price what he did. Leaving company for Mr Raju's deeds is quite foolishness. Why media and people compare Mr Raju with Enron? This type of incidents happens in past in India and outside India too. All US corporates are not like Enron so all corporate world of India are not like Mr Raju. So why to blame Mr Raju has tarnished the image of India? Rs. 7000cr are surely a huge deficit to manage. But still there is hope. The most important part is investors are confident and employees spirit and motivation and faith. May be after Mr Raju's confession some resumes of Satyam guys float in some job portals. But they should withdraw their resume. Its sure the smile will back to everybody's face soon. The support of the present management the employees will turn things and make Satyam a great organization. The three crisis managers and giants of their own fields Mr Deepak Parekh, Mr Kiran Karnik, Mr C. Achutan meet the media and assured the employees and investors to have faith in Satyam. They will declare the Q3 results after the board is fully formed. Now its premature to commit anything says the board. They soon appoint a new CEO, CFO and other board members. It soothes the nerves of the panicky employees and investors a lot. The sunny side is the company bagged new projects as well. The govt intervention is really alleviate the spirits of the employees . the new formed board is leaving no stone unturned to convince the employees and investors and share holders. So cheer Satyamites. Say cheese. The show must go on.