When I wrote about Satyam stocks crashing, we didn’t quite know the extent of damage done to the company’s reputation. How soon things have changed. A few weeks back the typical Satyam employee proudly said he/she worked for India’s 4th largest software services company. It was a reputed name to work for and many had quit jobs in other companies to hitch their fortunes to the Satyam star. Today they are totally confused and don’t know what hit them. For some of them, in a short while their dream world has come crashing down.
Satyam Fiasco- Who’s Accountable?
09 Friday Jan 2009