Comments on: Satyam – Being Eaten by the Tiger http://blog.sciencelogic.com/satyam-being-eaten-by-the-tiger/01/2009 Monitoring Inside & Out Mon, 15 Mar 2010 13:42:05 +0000 http://wordpress.org/?v=abc hourly 1 By: Julia http://blog.sciencelogic.com/satyam-being-eaten-by-the-tiger/01/2009/comment-page-1#comment-9711 Julia Thu, 15 Jan 2009 22:09:36 +0000 http://blog.sciencelogic.com/?p=575#comment-9711 Sachin - I totally agree that there's no way more people (at the company and outside of it) didn't know about fraud on this huge scale. At the very least, they have to look at the auditors. Hopefully people have learned some "good" lessons from the Enron scandal - Andersen and those banks knew what was going on. Whether or not they thought what they were doing was illegal is another question - people make all kinds of justifications.I think the same thing about the Madoff scandal - no way it was just him. Sachin – I totally agree that there’s no way more people (at the company and outside of it) didn’t know about fraud on this huge scale. At the very least, they have to look at the auditors. Hopefully people have learned some “good” lessons from the Enron scandal – Andersen and those banks knew what was going on. Whether or not they thought what they were doing was illegal is another question – people make all kinds of justifications.I think the same thing about the Madoff scandal – no way it was just him.

]]> By: sachin http://blog.sciencelogic.com/satyam-being-eaten-by-the-tiger/01/2009/comment-page-1#comment-9562 sachin Wed, 14 Jan 2009 12:42:15 +0000 http://blog.sciencelogic.com/?p=575#comment-9562 Dig deep and wide into the Company officials As the magnitude of the scam comes to light. One thing is glaringly obvious that a cover up and fraud of this magnitude could have been done without the collusion and complicity of the Company's senior executives and to a certain extent the middle management. If one sees the remuneration of Satyam's senior management, it was in the top 1% percentile of the Indian Industry and in some cases more than that paid by other three IT Co's. Was it silence money!!!!!!!!!! Also the entire senior management of Satyam offloaded shares in the last 6 months, this only points out to their being in the know that the share price would fall. Is there any way the Senior Management having PL responsibility and access to company MIS reports on utilization, productivity ets were blindsisded, preposterous. They were hand in glove with Raju. Also there are aspersions on whether the company really has 53000 employees. If this is true then the HR department is implicated directly and those at the top even if they have resigned need to questioned and if guilty punished. Dig deep and wide into the Company officials

As the magnitude of the scam comes to light. One thing is glaringly obvious that a cover up and fraud of this magnitude could have been done without the collusion and complicity of the Company’s senior executives and to a certain extent the middle management. If one sees the remuneration of Satyam’s senior management, it was in the top 1% percentile of the Indian Industry and in some cases more than that paid by other three IT Co’s. Was it silence money!!!!!!!!!! Also the entire senior management of Satyam offloaded shares in the last 6 months, this only points out to their being in the know that the share price would fall. Is there any way the Senior Management having PL responsibility and access to company MIS reports on utilization, productivity ets were blindsisded, preposterous. They were hand in glove with Raju. Also there are aspersions on whether the company really has 53000 employees. If this is true then the HR department is implicated directly and those at the top even if they have resigned need to questioned and if guilty punished.

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