3 posts and columns on Satyam Computer Services

Voices

Satyam Has 10,000 People Too Many, New Owner Says

in News on May 22, 2009 at 2:35 pm PT

Satyam Computer Services has more than 10,000 staff above what it needs, according to Vineet Navyar, the CEO of Tech Mahindra, which won the auction to buy the fraud-stricken IT outsourcing company. According to Reuters, Nayer said today that it would be better to reduce staff significantly than to risk putting all 40,000 of Satyam’s workers out of jobs.

Satyam Chairman to Board: There's, Heh-Heh, Something I've Been Meaning to Tell You…

in News on January 7, 2009 at 2:47 pm PT

“Dear Board Members, It is with deep regret, and tremendous burden that I am carrying on my conscience, that I would like to bring the following facts to your notice….” So begins the resignation letter in which Satyam Computer Services Chairman Ramalinga Raju confesses to a massive financial fraud whose nearest touchstone is the Enron scandal.

Satyam Chairman to Board: There’s, Heh-Heh, Something I’ve Been Meaning to Tell You…

in News on January 7, 2009 at 2:47 pm PT

“Dear Board Members, It is with deep regret, and tremendous burden that I am carrying on my conscience, that I would like to bring the following facts to your notice….” So begins the resignation letter in which Satyam Computer Services Chairman Ramalinga Raju confesses to a massive financial fraud whose nearest touchstone is the Enron scandal.