Its a sad day for us. In the last post I was exulting that the next apple or google is being cooked up somewhere in India.
And yesterday I was shocked to hear about Satyam with its hand muddied with a Rs.8000 crore fraud. We have managed to create an ENRON. I hope other Indian Companies do not get in the rat race to give bigger better balance sheets compared to the previous year – in order to have better share market results. Focussing on near short term and missing out on the long term benefits – of happy customers, happier employees and a rock solid business.
Thank you Mr.Raju – you have in one stroke made us cheaters. Don’t know how long it will take to clean up the tarnished image in the world’s eyes.
