Sign In / Register
Make This My Home Page | Feedback |RSS
Channels Astrology | Cricket | Tenders | Classified | Blogs | Shopping | Opinions | Hotel| Travel
You are here: IE »   Story » Comment »

Interim CEO: Satyam looking for an investment banker

Reuters & PTI

Hyderabad: Embattled Satyam Computer Services is speaking to its top 100 clients individually, and has received expressions of support from key customers, its interim CEO Ram Mynampati said on Thursday. Ram Mynampati was appointed the interim CEO. "Our only aim at this time is to ensure that the busines  ....Read more

Comments
Post comment
10 Comments |
Bail our SatyamBy: shyam kishore | Friday , 9 Jan '09 12:36:01 PM Reply | Forward Goverment should bail out Satyam and keep the Governence with a panel of emenent persolanities . This action will demonstrate the commitment from our goverment to support the outsourcing sector and the interests of the clients who trusted India and out sourced the work here
Satayam CEOBy: seniorcitizen | Friday , 9 Jan '09 8:56:14 AM Reply | Forward Satyam should select an eminent retired Civil servant with experience in investment, property and rehabilitation of corporates.
SATYAM FRAUDBy: V P RAMNATH | Thursday , 8 Jan '09 21:45:33 PM Reply | Forward There was no need for Ramalinga Raju to cook up the figures to stay as one of the leading IT companies in India. There are several midcap IT companies who are doing well. The greed to be in prominence is the real reason for the mess in which he is in now. In the process he has destroyed the good name of India in the comity of nations. This man is a fraud and even after 36 hours the Government of Andhra Pradesh has not ordered his arrest and who knows he might be allowed to escape to even Pakistan where he can get shelter alike so many other criminals.
Satyam scamBy: Adesh Kumar | Thursday , 8 Jan '09 21:25:40 PM Reply | Forward It appears from this incident that accounts of all the private inc are fictitious
resurrect satyamBy: nagamoney sivathanupillai | Thursday , 8 Jan '09 21:20:25 PM Reply | Forward The best form of recovering is that the company has very good location in its establishment in much saught after Cities. As such, to save the business, it has to sell off some, which may bring in a good revenue, as the lay off is unavoidable and the infrastructer will become unnecessary.
Bail out SatyamBy: Shallabh | Thursday , 8 Jan '09 20:24:16 PM Reply | Forward Govt. should bail out Satyam...
Indian IT companies and EthicsBy: LalooFan | Thursday , 8 Jan '09 20:20:09 PM Reply | Forward Why is Satyam's act so surprising ? Indian companies have been following unethical practices in US for years now. And it is not only Satyam. Infosys, Polaris and others do it too...including IBM India.Resumes are all false. Degrees and years of experience are lied about. Somebody else gives a phone interview for sombody else. Online tests like "Prove It" are taken by others instead of the candidate. Candidates are paid a higher salary on paper and then they have to return back a certain portion of their salaries to their employer.I recently heard that a grocery distributor in US called "House of Spices" was sponsoring H1 visas for IT professionals. Wonder how US immigration service let that get through.It is a question of ethics. Not the degree of crime. A small unethical step today could easily mean a bigger crime later.
Corporate governance issuesBy: Sid | Thursday , 8 Jan '09 19:05:27 PM Reply | Forward So many regulators are being left red faced over the last few months! From the Madoff ponzi scheme to the Satyam fiasco, we are seeing the effects of greed all around!
Why should investors support a CEO nominated by Raju?By: Chandan | Thursday , 8 Jan '09 18:55:24 PM Reply | Forward I am not commenting on Mr. Ram Myanapati's capabilities here. He is indeed brave to have accepted such a seat full of thorns. He may be good or as fraudulent as Raju himself. It is secondary.Question here is one of trust. Why should investors accept Mr. Ram , a person endorsed by Raju himself, as a CEO? What is the guarantee that he is not a puppet or Mr.Raju? What is the guarantee that he is not appointed to look after remaining interests of Raju
SatyamBy: MC | Friday , 9 Jan '09 11:26:37 AM Reply | Forward I agree with you, Chandan. I am not willing to trust a single of those men who are currently at the helm of the affairs. Those are all Raju's men. Inventors should bring in a new management, and fire the entire next rung - with a gun on their head, so that they help out in clearing the mess. But the execution cannot be with the same team who worked with this robber.-MC
Post a Comment
Name:
Email:
Title:
Maximum characters allowed     
Comment:
TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
I agree to the terms of use.