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Q.

What does the future hold for Satyam?

Asked by ankita jona, 08 Jan '09 12:40 am
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Answers (49)

1.

Be it Satyam or Infosys or any other corporate company. Future is always uncertain and no saint has been able to make predictions. There were many known pandits who predicted Rajiv Gandhi as the future prime minister of this country but the poor guy was assassinated. Let us live our present without bothering much about the future. of course one should always plan for the future but not get slaved to it.
Answered by om sharma, 08 Jan '09 12:45 am

 
  
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2.

The fraud perpetuated by Satyam management and authenticated by Chartered Accountants for last so many years not only exposes the truth of corporate governance but also the quality of Certification done by Chartered Accountants on whom Government believes blindly. Only in the last month, team of CA had clearly denied that they had given any report on value to his sons company called as Maytas and when doubtful integrity of Satyam management was well established and came to light. Prior to that World Bank had also debarred these companies for eight year for alleged improper financial operation. Inspite of all, regulators like SEBI and Institute of CAs remained silent spectator only because they all are birds of same feather. As a matter of fact all regulators remains mostly in deep slumber and only when blast like Mumbai blast occurs they are awaken. They will again sleep as soon as the news is forgotten by general mass.

It is not astonishing in Indian context. Companies in general ...more
Answered by Danendra Jain, 08 Jan '09 06:04 am

 
  
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3.

The only solution for Satayam and its employees is to run as a cooperative - as no Company is ready to take iver cashless Sataym!The Govt. should confiscate Raju and his family assests including Maytas and provide financial assitance to employees for running the company succefully !With so many IIITians in the Company and employees being highly qualified they must choose their own Management directors to run the Company! Once the Union of workers did run Mukund Steel when corrupt Promoters lock out the company !These employees being highly qualified will certainly make it a success!
Answered by mahabodhi, 08 Jan '09 12:53 am

 
  
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4.

Very bad indeed !
Answered by radhakrishnan, 08 Jan '09 12:41 am

 
  
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5.

Future andhera, unless the takeover is good...
Answered by r, 08 Jan '09 12:41 am

 
  
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6.

Future is uncertain but more importantly who is next? We got laws, we got oversights, we got audits and yet this is happens.
Answered by Lal, 08 Jan '09 03:40 am

 
  
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7.

The future will be the 'TRUTH,.
Answered by Sudhakar Jee, 08 Jan '09 12:46 am

 
  
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8.

Sell.
http://masterandstudent.blogspot.com/
Answered by rajesh, 08 Jan '09 07:45 am

 
  
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9.

Very bad indeed, the investors will stay away, employees will quit, client count would soon melt down and they will not even look at other Indian counter parts now. Soon Satyam will be no man's place. This is what happens when integrity is lost.
Answered by rajarao, 08 Jan '09 06:34 am

 
  
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10.

Satyam is no more it is dead. Rightnow last rituals are going on.
Answered by xerox, 09 Jan '09 07:45 am

 
  
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