Tuesday, January 27, 2009

Satyam - Where is the Dharma?

Tis the truth that scandals don its day, controversies its night and Buddhism the twilight. Satyam may have become the bad poster boy of the Indian IT industry and ire seems to be piled upon it by the minute, but the dust and smoke seem to be hiding some bravehearts that continue to fight the dark clouds. Satyam's HR team is on an overdrive communicating to its employees literaly on an hourly basis. Senior executives are doing their best to boost morale communicating parallels in the industry. Industry personnel need to recognize that if Satyam collapses, it's going to hurt everybody that constitute it - competitors included. Many companies are trying to adopt a a "hyena" approach towards picking the spoils, which in my view is just as bad corporate ethics as fudging accounting statements.

The righteous approach should clearly be frontline competitors declaring openly that they will not poach Satyam clients and perhaps contribute to a bailout fund. Perhaps the latter is too utopian for the moment, but the least they can do is stay away from adding to Satyam's pain and support the bravehearts who continue to battle the evil that has befallen them.

1 comment:

  1. It is the carma with a C in a capitalist market brotha. Eventually people within the company will find their own ways; maybe join competitors anyways.
    Maybe in a Compassionate Capitalist market, what you say might work.

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