Satyam! A name that needs no introduction and a name that is in the news for all the wrong reasons!!!
While what has happened is a horrific, isolated and hopefully a standalone incident, the real repercussions are felt by the people who work there. As someone who started his career in Satyam many years ago, my heart goes out to all of them.
Satyam’s business was all about people. To their credit, they did a terrific job in terms of attracting a lot of top talent – Satyam’s talent database is a treasure trove with folks with the dream IIT & IIM combination, Engineers from the brightest and best institutes around the country who chose to make a career in IT. They have them all.
Leadership (while being associated with the chairman who fell) across functions is pretty solid too. Some of the best people managers that I have met in the business were in my early days there. Learnings from there have been invaluable for me personally and I think I was extremely privileged to get campus picked and work with some fabulous peers and leaders.
Not for the skeptic, they have a few people who are a waste of office space and furniture too! Let me not deny that. These are folks who were “loyal” to the “Raju” and moved from being Executive Assistants and Front Office Executives to Project Managers – They were a disaster. They were where they were for the loyalty factor.
I am not surprised one bit to see the Raju community still backing the actions of their ex-chairman and Bhimavaram going ga ga to buy shares of Satyam which is heading to become another General Motors- Worthless!
There’s also a website in his name where people STILL sing praises…now this is simple sycophancy!
It’s unfortunate that the actions of one man and his greed have led a bunch of really talented people to doldrums. I sincerely hope and pray that these talented people get picked up somewhere / somehow.
Good clients have led the way making offers to some of the stars that work on their assignments. While the talent market is stale, there is always a space for niche and I am pretty hopeful that some of these really good folks there get picked up in due course of time.
Signing off, did we see something similar to this and Lehman – GREED!! Isn’t it an age old saying that greed kills… How true!
There are some things that are a legacy and these never change!
Image Credit: Swami Stream
Similar Posts:
- Hope At 60…
- Satyam – Standing Tall Against All Odds
- Will Wisdom Take Over The Truth?
- Of Lies, Frauds And Balance Sheets
- (A)Satyam, Fraud Episode – Will Foreign Investors Shy Away from Indian IT Companies?
Popularity: 15%





(6 votes, average: 4.83 out of 5)
March 18th, 2009 at 6:57 am
What makes me wonder is why did raju not run away. Instead of confessing he could have run away to ome other country.
Management Blog
The Idea Factory
March 18th, 2009 at 11:42 am
His brother ran didn't he, Raju probably thought that with his connections he'd get away with something less than prison … I still don't believe it's a only a handful, there are others hiding behind politics, process and people.
The No.1 site for marriages - BharatMatrimony.com