Skip to main content

Satyam Fiasco

Today i was reading the news of Satyam, i am really disappointed about an Indian company going down literally in couple of weeks. All the effort of  50,000 odd employees and years of 
hard work by them went into drains in no time. if you look into this issue little deeply and look at ev
ery Indian you would see lots of hypocrisy, aberrations and unfaithfulness in
 every walk of life. I do not want to generalize but the majority of them are that way.

I would like to quote few examples within India Inc , politics, films, Bureaucracy and others.
India Inc.
1) Ramalinga Raju tried to buy maytas only because his sons were the promoters of maytas.
 The father was prepared to throw away all his reputation just for his sons. And did not care about 50,000 people's life.
2) Wipro chairman removed Vivek paul as CEO. As per the speculations Ajeem Preamji wanted to bring his son as CEO. Again father son fiasco.
3) Infosys made 1 billion in just 1 quarter sometime in year 2007. Is anybody listening, check the accounts of infy. i am not sure after Satyam Fiasco.

Politics.
Almost every politicians in India want to promote there children at any cost. They throw all the ideology out of window when it comes to their children.
1) Devegowda supported non secular party when he wanted his son to become CM. And withdrew the support when BJP's turn came.
2) Omar abdulla is made CM of J&K even though he lost his seat. Simply because his father Farooq abdulla wanted his Son to become CM. I can keep quoting about all politicians

Film Industry
Film Industry is one of most Hippocratic industry of India. Every hero's son will automatically becomes hero. Most of actress become heroins because of casting couch.

Bureaucrats
Most of Indian Bureaucrats of India like IAS,IPS,IFS etc promote their kids & relatives for jobs, tenders, govt opportunities and many more. I can quote some examples but not in blog.

From the above the main problem i see in Indian Society is the hypocrisy in terms of ideologies when it comes to their children. And others do not raise their voice even if they see lots of unfaithfullness every where. This is because of fear their own jobs, security and financial obligations.
I hope these things change in time and  India would prosperous.

Final Notes
[I am adding this to the blog after stayam ceo's arrest]
Can anybody guess , when will a person confess about his own fraud ?
Any person would confess only if there is tremendous pressure on him in different ways or when a person attains nirvana.
In case of Ramalinga Raju, he has confessed all by himself without any body blaming him or nobody filed a case against him.
I feel he must be pressurized by some share holders who had invested good percentage of money in the company. Now a days it has become common for politicians, mafia,underworld people owing shares of big companies. I think he must have got life threating warnings from these people. So he must have decided to better go to jail rather than die.

From the history people who confess in major incidents like Hansie Cronje who confessed about match fixing did have a very bad ending in his life. i think Ramalinga Raju's fate will also be same as Hasie Cronje

Comments

Popular posts from this blog

Nostalgic about food.

Have you ever experienced in your life a certain addiction to a particular food with particular flavor and taste.No matter you eat that food any where in the world you will never ever get satisfied and you constantly miss that taste.And sometime you regret that you could not eat as often as you could, simply because we could not afford it. It was way back in late eighties when i used to live in beautiful Bangalore. Unlike today Bangalore was so peace full and a calm place my brother and me used to ride a bicycle and go to a mobile shop(i.e a small shop on wheels) and eat "Masala poori" and "Pani poori" which used to cost us just Rs 1.50 a plate, together we both would spend utmost 6 rupees. we used to go some where around 7:30 and 8 PM in the night relish the great stuff.  I agree it was not the most hygienic food. After seeing the way food is prepared and eaten across the world i don...

Happy New Year

I wish all my blog readers a very Happy New Year, Let the year 2007 bring in all the success and happiness to you all. This year I felt the New Year celebration in Bangalore was more colorful and I could see more people on streets compared to last year. I received many SMS, with messages saying that the network will be jammed on 31st December. But in fact our service providers were all set for more traffic for 31st December. They could manage it. I guess Airtel, BSNL, HTUCH, Spice, Reliance, TATA & other mobile/Telephone service providers made good money on this New Year occasion. It is estimated around 1 Billion rupees!!!. This reminds me the Hutchison-Essar deal; it is estimated to be around 17 to 18 billion dollars. So if you make right calculations, 10 such New Year occasions will make the company go past break even and make more profits.

Current Trends

How it all started In the year 2000, Y2K created fear among many companies. Lots of companies had to spend millions of dollars to correct this issue. IBM which created this code did not provide any root cause solution. But asked companies and clients to fix the code at the application level. And at the same time internet was a new phenomenon with lots of people wanting to have a web page on the Internet. But since the internet was still in its infancy, it could not provide any monetary returns. So there was a dot com collapse. When this was happening in the year 2001, 9/11 happened and shocked the entire world and all the markets collapsed.   Later, then the US government wanted to send a message to other countries, that the US market is very stable and incidents like this would not impact them. So radical approach was used to kick start the economy and also they went after the countries which were involved in attacks, which in turn required billions of dollars. But this inorga...