Satyam board member Ram Mynampati has been named interim CEO of the fraudulent IT services provider following the resignation of its Chairman B.Ramalinga Raju and Managing Director B.Rama Raju. Big Mistake We think appointment of Ram Mynampati is a BIG mistake. He is too closely associated with the old guard, having been with the company […]
Ever since our dear friend Dewang Mehta passed away in Australia many summers ago, Nasscom, the apex association of the Indian IT-BPO companies, has been going downhill. Dewang’s successors including the present fella heading the organization Som Mittal are just not up to snuff. After the disclosure today of massive fraud at Satyam, the Rip […]
The massive accounting fraud at Indian IT services provider Satyam Computer demonstrates the perils to U.S. and European companies of outsourcing. Over the last two decades, American and European firms like GE, Goldman Sachs, Siemens, Morgan Stanley and countless others have rushed heedlessly to outsource their IT work to Indian companies to reduce their costs. […]
With the disclosure today of the massive accounting fraud at Satyam Computer, the 53,000 IT coolies at the company must surely be crapping in their undies wondering what will happen to their jobs. Yes, many thousands of Satyam employees will lose their jobs. And many of them will find it very difficult to land new […]
The short answer is No. While there will definitely be some minor irregularities here and there, we think it unlikely that the top management of Infosys, Wipro and Mindtree would stoop to the level of Satyam crooks like B.Ramalinga Raju who committed massive fraud and cooked up the books for several years. We are familiar […]
Unless Lord Balaji of Tirupati decides to perform one of his miracle acts, it seems like the end of the road of Indian IT services provider  Satyam Computer Services, at least in its present form. The Satyam brand is tarnished beyond recovery. The Satyam name is mud today after disclosures of massive fraud at the […]