I truly appreciate Sahil for expressing himself honestly at this point in time when the employees and people all over the world are mocking Satyam. It's easy to complain and easy to forget what Satyam has offered them all this while. Truly inspiring and absolutely a positive approach. All the very best Sahil.
From India, Bangalore
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From India, Bangalore
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Dear Mr. Chandru,
Really a very in-depth financial study by you! Good!
Regards,
Sankara
Hi all,
I see a mixed feeling among the employees, investors, and the public. Some say he has betrayed, while some loyalists say he needs help. How could this situation suddenly happen without the knowledge of the financial position disclosed in the Annual General Body Meeting? As per the news reports, all cash balances are believed to be in suspense or in a loop transfer within the holding.
See the turmoils and effects of consequences advised by the modern MBAs who had fudged it. For discussion's sake, if the government has to pump at least crore, then it is a good signal that companies that are going to fall to hell will also get help. Why should the government help for the wrong diagnosis of the company head? It has to confiscate and attach the properties at the earliest to fill up the lacuna.
We see on TV that due to illicit arrack selling, people die and go blind. If the government gives compensation to the victims, it endorses the selling of illicit liquor. Why should the government take this extra burden in the already dull economy? The Finance/PM has to allot at least Rs.50,000 crore in anticipation of a bailout. The worst thing is that all the 53K employees were kept in the dark and given a rosy picture. So it will be apt to bring in a fresh ceiling on company investment, transfer of funds to holding companies, restrictions on recruitment, etc.; all these may look awkward now. Similar to the Cash Reserve Ratio (CRR) for every bank with the RBI, the Finance Ministry should also impose a sizable deposit on major software companies to adjust at the time of catastrophe.
Now there is no room for loyalty or emotional imbalance. As a result of Satyam's act, major ill effects can be witnessed in another 2-3 months when clients would forcibly withdraw the projects or shelve them with other competitors as well.
Our people are solely responsible for the boost in IT growth and downfall. Hope the economy will see a new turn with salary packages among the software companies to take a backseat. This is the tip of the iceberg. I leave the debates and comments to you.
Regards,
Chandru
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Really a very in-depth financial study by you! Good!
Regards,
Sankara
Hi all,
I see a mixed feeling among the employees, investors, and the public. Some say he has betrayed, while some loyalists say he needs help. How could this situation suddenly happen without the knowledge of the financial position disclosed in the Annual General Body Meeting? As per the news reports, all cash balances are believed to be in suspense or in a loop transfer within the holding.
See the turmoils and effects of consequences advised by the modern MBAs who had fudged it. For discussion's sake, if the government has to pump at least crore, then it is a good signal that companies that are going to fall to hell will also get help. Why should the government help for the wrong diagnosis of the company head? It has to confiscate and attach the properties at the earliest to fill up the lacuna.
We see on TV that due to illicit arrack selling, people die and go blind. If the government gives compensation to the victims, it endorses the selling of illicit liquor. Why should the government take this extra burden in the already dull economy? The Finance/PM has to allot at least Rs.50,000 crore in anticipation of a bailout. The worst thing is that all the 53K employees were kept in the dark and given a rosy picture. So it will be apt to bring in a fresh ceiling on company investment, transfer of funds to holding companies, restrictions on recruitment, etc.; all these may look awkward now. Similar to the Cash Reserve Ratio (CRR) for every bank with the RBI, the Finance Ministry should also impose a sizable deposit on major software companies to adjust at the time of catastrophe.
Now there is no room for loyalty or emotional imbalance. As a result of Satyam's act, major ill effects can be witnessed in another 2-3 months when clients would forcibly withdraw the projects or shelve them with other competitors as well.
Our people are solely responsible for the boost in IT growth and downfall. Hope the economy will see a new turn with salary packages among the software companies to take a backseat. This is the tip of the iceberg. I leave the debates and comments to you.
Regards,
Chandru
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Dear Bhanu,
I do appreciate your open opinion, Bhanu! Good!
Regards,
Sankara
Satyam
Dear Sahil,
I appreciate that you are very loyal to the organization. But what about others, the innocent investors in the company? Even the middle-class people also invested their hard-earned money buying shares, etc.
Donated 12000 crores from his personal pocket, from where did he get so much money? When he had so much money, he could have invested that money in Satyam instead of showing losses.
Throughout the world, people have a very bad impression of India, especially Andhra Pradesh. Even other companies will also suffer.
They have committed forgery (auditors' signatures) and showed all assets as duplicate. So much has happened without his notice.
He is so smart that he confessed the truth to the whole world because there was no other way. He has branches all over the world.
Regards,
Bhanu
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I do appreciate your open opinion, Bhanu! Good!
Regards,
Sankara
Satyam
Dear Sahil,
I appreciate that you are very loyal to the organization. But what about others, the innocent investors in the company? Even the middle-class people also invested their hard-earned money buying shares, etc.
Donated 12000 crores from his personal pocket, from where did he get so much money? When he had so much money, he could have invested that money in Satyam instead of showing losses.
Throughout the world, people have a very bad impression of India, especially Andhra Pradesh. Even other companies will also suffer.
They have committed forgery (auditors' signatures) and showed all assets as duplicate. So much has happened without his notice.
He is so smart that he confessed the truth to the whole world because there was no other way. He has branches all over the world.
Regards,
Bhanu
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Dear Sahil,
I salute your loyalty and love for your employer.
But can I ask something? Who asked Mr. Raju to be so careless towards his employees and to have such weak HR policies? If he had been as sharp as you said, he would have learned from rival companies.
He provided employment to average students and gave them ample opportunities to be disloyal. He was too preoccupied with deceiving his stockholders and therefore failed to rectify the internal systems. At the expense of stockholders, he bred useless employees (as per your explanation).
Is it necessary to participate in the rat race?
Regards,
Sankara
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I salute your loyalty and love for your employer.
But can I ask something? Who asked Mr. Raju to be so careless towards his employees and to have such weak HR policies? If he had been as sharp as you said, he would have learned from rival companies.
He provided employment to average students and gave them ample opportunities to be disloyal. He was too preoccupied with deceiving his stockholders and therefore failed to rectify the internal systems. At the expense of stockholders, he bred useless employees (as per your explanation).
Is it necessary to participate in the rat race?
Regards,
Sankara
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Hi Sonal,
I feel your bold comments are great! Very great! "Fear Not! Fear Not! Man Dies, but Once - Swami Vivekananda" I bow my head before your national interest!
You are very true that nothing is greater than the nation's good. You have a good understanding of psychology and emotions of people. I love this statement of yours and it must be printed in eternal bronze!
"Anything against the national interest should be abandoned together with a powerful voice. Don't do anything wrong and don't let others do it. Don't tolerate anything wrong or unethical."
Good thinking!
Regards,
Sankara
Hi to all those who are busy praising the article posted by Mr. Sahil,
As I have earlier also said in my post, I abandon the effort of saving Mr. Raju's image. But what is more disturbing is that today's Indian Youth, most of you, well educated, well-set in your respective careers, also support this effort. We Indians are very emotional by nature. People can easily blackmail us emotionally. Soft targets to emotional appeals. Our movies, our media, ads, etc., also reflect this same thing and play upon it too. We forgive the hero of a Bollywood movie for cheating the heroine by faking his identity and status just because the bottom line is 'He truly loves her'...
But if you closely interact with the Westerners, a major big difference in the cultures is that they have the definitions of wrong and right in place. There is nothing in between. But we have a lot of grey areas. Our judiciary system also reflects that. We fail to see things in black and white.
If we wish to progress, we must change this attitude. I don't see anybody thinking in the wider interest of the nation here. Unless we, today's Indian youth, don't start relating to the nation's good, nothing will change. Stop defending Mr. Raju or anyone who has exploited the system. Small or big, sin is a sin, and the sinner has to pay the price. It's people like you who unknowingly forgive and forget things that should not be. Unknowingly, we carry this attitude and let go of everything... This "chalta hai" attitude is harmful to the progress of our nation.
It is time to stand together against every wrong, small or big; else, we will never be able to become a developed nation. We will always be a developing nation. Anything against the national interest should be abandoned together with a powerful voice. Don't do anything wrong and don't let others do it. Don't tolerate anything wrong or unethical. We can shape our country only if we take such tough stands against people like Raju.
Satyam was the face of India to the world's biggest and largest companies and nations. How can one defend Raju by saying that he did all this to save the company's image? Don't other companies book losses? And why didn't he have the guts to overcome those losses in the coming future by honest efforts and hard work? He hired people to create a fake identity. I would not blame the employees who are now at the mercy of other companies for their jobs and careers. Of course, those who have exploited the loose company rules deserve the punishment, but not all. The higher you go up the ladder, your responsibilities also become greater. You are responsible for thousands of employees, stakeholders, shareholders. What Mr. Raju did is for temporary benefit; he played with so many lives, knowingly. I don't think it is courageous when he admitted the crime. He did not have any other way to sustain the fraud. He was completely helpless and caught in a situation. What is admitted is true or false is yet to be seen. He has a past proven record of malpractices in his previous businesses. And still, all of you are supporting and sympathizing with him? If he would have operated ethically and if the company would have suffered due to recession, then I would agree that every employee should have stood by the company and helped it gain its status. But here the case is completely different.
Please understand that nothing is greater than the nation's good. I urge you to stop supporting such things if you are really the one who wants India to see progress.
Sonal
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I feel your bold comments are great! Very great! "Fear Not! Fear Not! Man Dies, but Once - Swami Vivekananda" I bow my head before your national interest!
You are very true that nothing is greater than the nation's good. You have a good understanding of psychology and emotions of people. I love this statement of yours and it must be printed in eternal bronze!
"Anything against the national interest should be abandoned together with a powerful voice. Don't do anything wrong and don't let others do it. Don't tolerate anything wrong or unethical."
Good thinking!
Regards,
Sankara
Hi to all those who are busy praising the article posted by Mr. Sahil,
As I have earlier also said in my post, I abandon the effort of saving Mr. Raju's image. But what is more disturbing is that today's Indian Youth, most of you, well educated, well-set in your respective careers, also support this effort. We Indians are very emotional by nature. People can easily blackmail us emotionally. Soft targets to emotional appeals. Our movies, our media, ads, etc., also reflect this same thing and play upon it too. We forgive the hero of a Bollywood movie for cheating the heroine by faking his identity and status just because the bottom line is 'He truly loves her'...
But if you closely interact with the Westerners, a major big difference in the cultures is that they have the definitions of wrong and right in place. There is nothing in between. But we have a lot of grey areas. Our judiciary system also reflects that. We fail to see things in black and white.
If we wish to progress, we must change this attitude. I don't see anybody thinking in the wider interest of the nation here. Unless we, today's Indian youth, don't start relating to the nation's good, nothing will change. Stop defending Mr. Raju or anyone who has exploited the system. Small or big, sin is a sin, and the sinner has to pay the price. It's people like you who unknowingly forgive and forget things that should not be. Unknowingly, we carry this attitude and let go of everything... This "chalta hai" attitude is harmful to the progress of our nation.
It is time to stand together against every wrong, small or big; else, we will never be able to become a developed nation. We will always be a developing nation. Anything against the national interest should be abandoned together with a powerful voice. Don't do anything wrong and don't let others do it. Don't tolerate anything wrong or unethical. We can shape our country only if we take such tough stands against people like Raju.
Satyam was the face of India to the world's biggest and largest companies and nations. How can one defend Raju by saying that he did all this to save the company's image? Don't other companies book losses? And why didn't he have the guts to overcome those losses in the coming future by honest efforts and hard work? He hired people to create a fake identity. I would not blame the employees who are now at the mercy of other companies for their jobs and careers. Of course, those who have exploited the loose company rules deserve the punishment, but not all. The higher you go up the ladder, your responsibilities also become greater. You are responsible for thousands of employees, stakeholders, shareholders. What Mr. Raju did is for temporary benefit; he played with so many lives, knowingly. I don't think it is courageous when he admitted the crime. He did not have any other way to sustain the fraud. He was completely helpless and caught in a situation. What is admitted is true or false is yet to be seen. He has a past proven record of malpractices in his previous businesses. And still, all of you are supporting and sympathizing with him? If he would have operated ethically and if the company would have suffered due to recession, then I would agree that every employee should have stood by the company and helped it gain its status. But here the case is completely different.
Please understand that nothing is greater than the nation's good. I urge you to stop supporting such things if you are really the one who wants India to see progress.
Sonal
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No one is saying that there is anything more important than the nation's pride, and everybody agrees that Satyam has put a dent in India's IT industry and a big question mark on the corporate governance as well. But as mentioned in the mail written by a Satyamite, there was a time when it gave employment to numerous students when no company was ready to take students who had backlogs without even considering their talent or knowledge. Now, if Satyamites have joined hands to save their company, their home, what is wrong with that? The media is doing its work by blowing the matter out of proportion, Satyamites are doing their work by joining hands and giving proof that they will not run away, at least at this time (I am sure you will agree that there are ready-made jobs for them in the industry today). Other external parties are playing their part by probing into the matter, finding out what is really happening, and of course, unveiling our apprehensions. One thing is for sure, he alone may not be involved in the scam, and secondly, the very statement was given in the Satyam article two weeks ago in HT that Raju broke the 11th commandment which was "Thou shall not be caught," and we all broke the 12th, "Thou believed whatever was shown without knowing the truth ever," and it is all true. As for your post saying about defining wrong and right in place, I think life cannot be lived in extremes. There has to be a middle way always to live life better.
With due regards to all.
From India, New Delhi
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6With due regards to all.
From India, New Delhi
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You know what ... Am right away sending it to all my network i think This message has all that needed to be shared. Thangappan
From India, Madras
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From India, Madras
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This email is showing a positive approach towards the company. Great job Sahil. I think if every employee has such a positive attitude, they can create a new way for themselves and for others to achieve their goals. In the current situation, this approach is very supportive to all.
Thanks & Regards,
Piyush Bansal
From India, Delhi
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Thanks & Regards,
Piyush Bansal
From India, Delhi
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Yeh Sahil, Well said. What you have posted applies not only to Satyam but to every other company . . . God bless Allan Pinto
From India, Pune
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From India, Pune
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