Satyam Computers: A reflection of Clintonian Crisis?

<a href="http://www.ibscdc.org/corporate_governance_case_studies.asp" title="Corporate Governance Case Studies">Satyam Computers: A reflection of Clintonian Crisis?</a>

I don’t know who the person Ramalinga Raju is. But when I read his confessional statement published in one of the news papers, I really wondered how a single person could do that? After my inquiry into the matter my conscience caught much interest on that man who founded and nurtured the growth of Satyam Computers. As part of my online web search, I found one interesting case study on Satyam Computers published by a Hyderabad, India based organisation, ICFAI Business School Case Development Center (http://www.ibscdc.org). It gave a deep understanding of the success story of Satyam and Ramalinga Raju.

When I recalled his confessions, my first thoughts were: if he had been doing it over the years, how greatly was he managed all the corruption intelligently without even a whiff of the fraud. He should be brave enough ... it really needs courage and honesty and integrity as well to accept such a biggest fraud... right guys??? Had he wanted, he could have escaped from the situation easily without making it public. If employees still support him, then he would have been good. He thought he could have cover it up so he tried till the time he got emasculated by the critical situations. And finally announced his failure by saying “it was like riding a tiger not knowing how to get off without being eaten.”

Immediately government intervened and took all the affairs of Satyam into own control and went on implementing whatever it liked. It seemed as if there is a close relationship between the events in the life of former US President Jefferson Bill Clinton and those of Satyam. It was during the heights of his tenure that Satyam also got the support from Andhra Pradesh government led by the then Chief Minister, Nara Chandrababu Naidu which not only helped it venture into US but also to spread across the globe. If the impeachment of Bill Clinton began on January 7th 1999 on the charges of perjury, obstruction of justice and abuse of power following the Monica Lewinsky scandal and the Paula Jones law suit, it was exactly on the same day after a decade, i.e. on January 7th 2009 that Satyam faced the investigations by governmental and regulatory agencies following the revelation of committed fraud by its own CEO to ultimately face the charges of criminal conspiracy, cheating, forgery and breach of trust. I think, like Clinton’s case, Satyam’s Ramalinga Raju might be exonerated from the committed crimes.

In the age of globalisation and liberalisation, I don’t know whether it would be appropriate on the part of government to interfere into the corporate affairs so directly. As I went on searching online, my eyes caught one interesting case study “Satyam Computers Corporate Governance Fiasco (D): Government Intervenes, Perplexity Prevails” which was again published by the same organisation mentioned above. IBSCDC. I think this organisation has involved itself in thorough market research to bring out the actual facts about the corporate world. It gave me an in-depth understanding of the steps taken by the newly appointed board amidst uncertainties over a possible takeover of the company albeit having no full-fledged captain to lead it.

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Article Source: ArticlesBase.com - Satyam Computers: A reflection of Clintonian Crisis?

Satyam Computers, Ramalinga Raju, Corporate Governance Fiasco, Perplexity Prevails, Government Intervenes At Ramalinga Raju Fraud, Clintonian Crisis