Good luck fellas

by ranjith on January 8, 2009

I have lot of friends in Satyam. My classmates as well as my juniors in college. I wish them good luck. But if you ask me, I would stick around for a while to see how things turns.

Satyam: A Rs 7,000cr Lie-Satyam fiasco-Home-The Times of India: “Within hours of the Satyam scandal hitting the headlines, its employees had flooded job portals across the world wide web in search of alternate employment. Consider that the Rs 7000-plus crore hole in Satyam’s books is way more than the company’s entire salary bill of Rs 5,040 crore last year. Worse still, it’s running really low on cash, and once-potential suitors have turned wary – they don’t know what lies beneath. “

  • http://www.thoughtclusters.com/ thoughtclusters.com/

    Really shocking news when I heard it. It is like India’s Enron. Wonder which other companies have been doing the same thing. We might have only seen the tip of the iceberg.

  • ranjith

    Yeah, I remember Mr. Raju appearing in all the coversheets of any managazines when he was shooting to fame.

    Honestly, I envied everyone who went to work for satyam.

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