Wednesday, February 11, 2009

Is Mr. Raju == God?


This article in rediff brought out a set of mixed feelings in me.

For quite some time I was not able to understand what the author was trying to convey. However, after giving it a thought i tend to agree on some points with the author while I disagree on most.

"I really want to thank Raju for giving some 54,000 Indians jobs at least for all these years."

Firstly, I think what Raju did was just to build his company. Looks like the word "mutualism" is unheard by the author. Neither the employees did something for free nor did Raju did charity by employing them. Point -1.

Next,

"Unfortunately people forget to thank God in sad times."

Are you trying to say Raju is god? Point -2
"How can we exclude banks who gave hefty loans without
true verification? How can we exclude the Andhra Pradesh chief minister
who was lenient towards Raju ahd his fellow businessmen?"

Of course, we cannot and should not. That is why there have been arrests and investigations in Maytas. Even PWC was issued a showcause notice. Point -3
"How can people forget that Satyam launched its
offices right at the doorsteps of a residential colony, where people
could simply walk to work?"

I dont know why they did that. Maybe there was some hidden motive even behind this. but this definitly is not something great for which we should thank Satyam. Most of the time the decision is based on various factors like availiblity of talent pool, cost of the infrastructure and maitainance etc. Infosys has a campus in Mangalore, not because they have a soft corner for Mangloreans, It is because there is ample talent available in the surronding area ( due to the large number of engineering colleges in south Karnataka) and it is available for a very minimal price.

"I am not saying that ALL Satyam employees are
bad. I have known very dedicated people too, but my point is simple:
before pointing fingers at others, introspect a bit."


Ok we are already negative 3 so i will go a bit in the positive direction. Yes, It is true that we have the right to point fingers at other only if we are all very clean ourselves. Point +1
However, we can still speak for the 1000's of people who invested their money in the Satyam stock beliveing every word that Mr. Raju used to utter in his Annual General Body meetings. If it was not for this lie, probably they would have been happier and a tart richer perhaps. In fact even till the last minute there was an attempt to raise the stock price. Raju might have surrendered but it is not an act of courage but an act of helplessness.



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