The entire business world was agog yesterday about Satyam’s deals fiasco. My andhra colleague, a Reddy, had once told me that any Telugu family’s ideal groom would be a ‘Satyam’ employee working in US. Well, needless to say, those families will be a worried lot. Looking back at what happened, if anyone can pull off such a coup, its Premji, but I guess he has better business sense than the stalwarts in Satyam Board of Directors. I wonder if the board had a momentary memory lapse while approving such deals. Read on.
Satyam or Mityam
18
Dec
Praveen Madhava
December 18, 2008 at 6:51 pm
Maytas has got some infrastructure project from hyderabad metro. I think to fund that, raju did not have enough funds to manage that project so try to get his IT industry fund into his family owned (majorly) infrastructure (his first business)
citygurl
December 19, 2008 at 7:24 am
All in the family
they didn’t think about the investors ire in the process.
Lakshmi
December 19, 2008 at 1:58 pm
thats what happens in a family concern ..
citygurl
December 19, 2008 at 4:07 pm
In a damage control move, Satyam plans to buyback at a ‘generous rate’. Some links
http://www.hindu.com/2008/12/19/stories/2008121960311600.htm
http://www.businessweek.com/globalbiz/content/dec2008/gb20081218_849301.htm?chan=top+news_top+news+index+-+temp_global+business
Hey Lakshmi, Thanks for stopping by.