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June 2009 
Lessons from Satyam saga
Posted on Jan 7th, 2009
by 
a.vicky
a.vicky
For the uninitiated Satyam is one of the leading IT Company in India. It employees close to 50,000 people and has her operations across the globe. What makes things interesting is the fact that yesterday on 7th Jan the chairman Ramalinga Raju confessed of a scam to the tune of 500 Million Crores to his employees and offered his resignation. India has seen frauds and scams before. Difference this time is the company and the person involved. Satyam was a respected organisation and Mr. Raju an institution of success in modern IT India.
Raju had an idea of creating a world class organisation. In the mad rush to make his dream come true, too soon, he blotted the financial results. He had to project a strong image of his company to the outside world to make it grow bigger. So quarter after quarter he added fictitious figures to his profits. Then one day it grew out of proportion and like a pack of cards the house of Satyam fall apart.
Like Raju we all intend to hide things. Sit quiet and blind to things we should have objected in the first place. I don't believe in tell-all policy. Sometimes timing and quantity of information is important. For example it is probably okay to hide information of injured son from the hospitalised father. Or may be hide news of a still born in the neighbourhood from a soon-to-be-in-labour mother.
Satyam saga does not mean hiding tit-bit of information. Satyam saga means not acting with total responsibility. Raju's love for Satyam can not be questioned. He was one of the founders and like his baby had nurtured the Satyam dream. In this journey there came along lot of customers, partners, employs and shareholders. Raju’s love for Satyam lacked 'responsibility'. Responsibility towards his customers who loved Satyam for her services, partners who loved Satyam for her strength, employees who loved Satyam for her working environment and shareholders who loved Satyam as an asset.
Love is the most over rated expression. I don’t understand what people mean when they say that they are in true love. For me love means trust, respect, peace and responsibility.
Trust: integrity and faith in the person/thing you love.
Respect: for the person/ thing you love.
Peace: within the inner self for being in love.
Responsibility: towards person/things you have been in love for ever even if you have been in love once.
Raju loved Satyam but did not have a sense of responsibility towards others who also loved Satyam like customer, employees and partners.
If someone shows love without any of the above expressions believe me you don’t get fooled. It is better not to be in love then to be fooled in love.
Raju had an idea of creating a world class organisation. In the mad rush to make his dream come true, too soon, he blotted the financial results. He had to project a strong image of his company to the outside world to make it grow bigger. So quarter after quarter he added fictitious figures to his profits. Then one day it grew out of proportion and like a pack of cards the house of Satyam fall apart.
Like Raju we all intend to hide things. Sit quiet and blind to things we should have objected in the first place. I don't believe in tell-all policy. Sometimes timing and quantity of information is important. For example it is probably okay to hide information of injured son from the hospitalised father. Or may be hide news of a still born in the neighbourhood from a soon-to-be-in-labour mother.
Satyam saga does not mean hiding tit-bit of information. Satyam saga means not acting with total responsibility. Raju's love for Satyam can not be questioned. He was one of the founders and like his baby had nurtured the Satyam dream. In this journey there came along lot of customers, partners, employs and shareholders. Raju’s love for Satyam lacked 'responsibility'. Responsibility towards his customers who loved Satyam for her services, partners who loved Satyam for her strength, employees who loved Satyam for her working environment and shareholders who loved Satyam as an asset.
Love is the most over rated expression. I don’t understand what people mean when they say that they are in true love. For me love means trust, respect, peace and responsibility.
Trust: integrity and faith in the person/thing you love.
Respect: for the person/ thing you love.
Peace: within the inner self for being in love.
Responsibility: towards person/things you have been in love for ever even if you have been in love once.
Raju loved Satyam but did not have a sense of responsibility towards others who also loved Satyam like customer, employees and partners.
If someone shows love without any of the above expressions believe me you don’t get fooled. It is better not to be in love then to be fooled in love.
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