Wednesday, January 07, 2009

FRAUDIAN PRINCIPLES


July 6, 2008 - Extracts from the Satyam.com website one day before Satyam chairman Ramalinga Raju confessed to a $823-million fraud.
Link: http://www.satyam.com/about/board_of_directors.asp

Ramalinga Raju, also known as Raju, is Satyam’s founder and chairman. Raju is a world-renowned visionary, global business leader, and thinker. He uses a simple, yet extensive management model to create value, which promotes entrepreneurship, a focus on the customer, and the constant pursuit of excellence...

Raju has an MBA from Ohio University, and is an alumnus of the Harvard Business School. He has won numerous awards not only for building a best-in-class business but also taking innovative steps to positively impact the society...

A voracious reader, Raju is deeply influenced by science. He has adopted several scientific principles in running business operations.


Scientific principles indeed.

31 comments:

SwAThi.... said...

One face off that was!!!

Manasa said...

Feel sad for its employees!

Suma said...

makes you lose faith in people...tough for the employees now...:(

Priya said...

Apparently my company (anonymous) had also awarded Mr.Raju in November.. How (in)credible :P

V. Archana said...

really...sad about the employees :(

V. Archana said...

and btw HAPPY NEW YEAR,Vinesh! :)

Anonymous said...

people are never what they appear to be :)- .. Paavai

Ramya said...

"He has adopted several scientific principles in running business
operations."

Principles that other leaders would think twice before implementing in their companies.

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The Seeker said...

Really sad....

And something that world would have has an opinion on Indian corporate...

Sri said...

Scientific principles indeed.
Which scientific principle?Is it the moore's law? or newton's III law?

Raju started from simple gone to a great heights and now down to the lowest level!!!He must have used other principles!

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hahahaaaa

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PreethZzZ said...

the science of business is simply to rake in the money!

AMIT said...

This was a very big scam.

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Arunima said...

many of my friends were working there. most of them have left now.

Hari said...

heyyyy long time no juice .... whr r u ???

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Anonymous said...

why this long silence? Paavai

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Vinesh said...

testing..

mybabynaren said...

Indeed!

Been a while since I stopped by...I actually lost a lot of my fav blogs along with my own blog and I finally remembered urs.

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Dont know how he committed this much frauds.

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