With due respect sir, it is common knowledge that cooking the books is the proverbial "Rabbit in the Magician's hat". Everyone knows that it's there, but they are still awed when the rabbit appears. Acting dumb and fool is human nature.
We all know that all companies indulge in this practice and it would be unwise to point finger in such a derogatory manner at a competitor who did not turn out to be a diligent magician.
Mr. Murthy, had all the corporate czars been as pure as the water from the holy Ganges, as your statement portrays you as, there would not have been a necessity to have the PWCs and the E&Ys of the world at all. It is human to err.
I am not defending the erstwhile Chairman of my current employer, but as a responsible and self-respecting Satyam employee, I am disgusted by the level of allegation that you have made. I have the highest respect for you, but I had never expected that you would also take to 'gully-style-lingo".
It is common knowledge that Infosys misses it's guidance every 8th or 9th quarter. This is known as the 'filling the gaps' exercise. Take the hit for 2-3 quarters, and clean up the books. And it is commendable the way this has been done by your organisation to protect investor interests.
The person at the helm of our corporate affairs did not fill up those gaps and ended up with a crate-ful of eggs in the face and the places that you don't want the eggs to hit.
Reiterating my point of view, we must refrain from mud-slinging and ostracizing an Organization on the whole. An organization makes an individual, not the other way round, when you have grown to 50,000+ associates.
Mr. Murthy, I expected you to reply to the situation by setting up higher standards of corporate governance at your esteemed organization. (not lickin :P).
For pointers, maybe you should have communicated to your employees beforehand, that their swipe-in, swipe-out details would come back to haunt them after 2 quarters.
Corporate Governance. Poses challenges, Mr. Murthy, doesn't it?
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