Saturday, January 10, 2009

Satyam-----A Synonym for its Antonym ??????

My DH being an ex-employee of Satyam, could not digest the facts yet. Mr.Ramalinga Raju, for the eyes of every one, he is the one who took AP on to the chart of IT. Andhraites could feel the Satyam as the biggest asset they have but no more it is, now.....All the dreams shattered with his single letter that shocked every investor, lead the lives' of 53k employees to a big disaster.

Sources say that Mr.R.L.Raju, committed fraud by showing the figures of the profits of Satyam company with a huge difference of 7K Crores and stated that none other than him are responsible for this act. He opted this so as to grab investors and to bag the position as one among top 5 IT companies. I didnt fail to notice many online editions running collage picture of Kasab, Mr.Raju, Mr.Obama covering the most sensational people in the News.

Now, I wonder how leading IT companies could point out the Satyamites as fraud, for the fault of Bosses, why the hell all the other Andhraites are being blamed??? As long as if a person is at higher peaks of fame, no one bothers but when the things goes wrong, every body will raise their voices, that's what human psychology is!!!!!!!!!!!!! At the same time look at the goodness of Andhraites, even though he was the reason for the loss of investments of many, still he was in the hearts of many Telugu people at a softer and sympathetic edge.

Personally, after reading the news for the first time, I started to look back at his hectic life time journey that raised the company from 20 to 50k+ employees and also what all the pressures he may be in now?? Day by day after realising the possible forces of this issue like Political influence, about the funds being diverted to his personal assets like Maytas(yet unknown), the 3% profit story etc.. If these are all true, I mean, if the above factors are the real cause for this big pit, then Mr.Raju, Am sure you are no more in our good books, you live longer in the curses of victims.

I sincerely pray for the well being of Satyam and all its dependents and employees. Hope there will be some way to get out of this big mess. The talent of the employees is the biggest asset it had, that itself may take Satyam back to its shape. BTW, I appreciate the Government for its wise decision, gonna appoint new board members.

9 comments:

Krishna Kumar said...

Satyam eva Parajayate ;-)

neeru said...

Lets see what changes the 3 Musketeers of Satyam are gonna make and wish that God has the best in store for all the Satyamites.

rakesh ram said...

well baaga chepparu...ya, lets hope everything will come back to normal ....

Anonymous said...

STILL SATYAM IS THERE EMPLOYEES,SHAREHOLDERS,GOVERNMENTS,CLIENTS SUPPORTING TO THERE EXTENT TO ORGANISATION.ALL WANTS LONG LIVE SATYAM AND EVERBODY OWE SOMETHING TO PROMOTOTERS. MEN MAY COME AND MEN MAY GO FIRM WONT GO TO ANY WHERE.
WHAT IT MAY BE HE INFULENCED ALL BOARD AND DIVERTED THE FUNDS OF SATYAM TO REALESTATE WHICH IS 50% FICTISIOUS. IN RECENT DAYS WE CAN OBSERVE THE INTERFIERENCE OF OUTERS.IN LONG RUN NO PROBLEM TO SATYAM AND THEIR SUPPORTERS. BUT RAMALINGARAJU IS IN SOUP.

Anonymous said...

i really feel sorry for what that happened in the satyam .i pray god for the past glory of the satyam to be acheived. and finally i congratulate u for maintaining such a wonderful blog.tc.byee.nireesha

Krishna Kumar said...

My new blog called as 'P'log..

http://kksinstinct.wordpress.com/

check that out and put your valuable feedback

Thank you!

Ramya said...

@Neeraja, yes lets see whats ahead
@Rakesh Thanks for dropping by

@nireesha Thanks for the compliments.

@KK sure will visit

kanaguonline said...

Very apt title Ramya and nice write up :)

Ramya said...

@Kanagu
Thanks you very much.