Ideas, Rule

The very meaning of Satyam is “Truth”. Nice. What is wrong with the corporate world? There was a time when Police Officers, Politicians and other government machinery was mocked by Stand-ups, movies, poets, cartoonists – everyone. People hated to be called policitians. In every hindi movie we saw that Police comes in after the crime is done, isn’t it?

Is the time changed? The recent act by Raju & Co at Satyam has brought utter disgrace to the IT and service industry in India. He has brought disgrace to every IT person who till yesterday was happy that he studies Computers. What happens to our “silver bullet” (IT and Services Sector) which was suppose to take India to super power track? Talking about super power, I think Raju is India’s Madoff and this scam is India’s Enron. Hey Americans, we are already there. Don’t you dare call us Third World or a developing nation!

But on a different note, doesn’t this pattern emerge every now and then, and in all parts of the world? After every such scam we end up saying, “We need more regulations!” WTF! Satyam was on NYSE, audited by PWC, HUH?

But yeah, one thing is sure – Raju Ban Gaya MentalMan (what was he thinking)

Quick video @ WSJ

http://online.wsj.com/video/the-consequences-of-satyam/710EBC51-ED06-4D10-B1DE-CD2B3401FA6A.html

Related posts:

1. Mera baap CEO hai! Remember Amitabh movie, Deewar. In this movie Amitabh carried the...

Related posts brought to you by Yet Another Related Posts Plugin.