| Author | Message | ||
Asdf Legend Username: Asdf Post Number: 30569 Registered: 12-2014 Posted From: 76.102.43.117 Rating: N/A |
10x increase ante ridiculous. is this true(kejri style lo) | ||
Vishvak Side Hero Username: Vishvak Post Number: 6659 Registered: 01-2007 Posted From: 73.164.13.25 Rating: N/A |
nope, what is that? Vi veri universum vivus vici | ||
Pulpfiction Legend Username: Pulpfiction Post Number: 44467 Registered: 02-2009 Posted From: 64.102.249.9 Rating: N/A |
did u check mpai latest tweet ? Nothing succeeds like success ! | ||
Vishvak Side Hero Username: Vishvak Post Number: 6658 Registered: 01-2007 Posted From: 73.164.13.25 Rating: N/A |
Executive salaries 100% are more increased... Employees salaries 10-15% reduced (at onsite)... Vi veri universum vivus vici | ||
Andhravodu Moderator Username: Andhravodu Post Number: 13162 Registered: 07-2015 Rating: N/A |
vishayam idi as simple as that. sikka kurrodu oka lifestyle xpect chesadu and adi next year poyela undi, so jumped ship | ||
Vishvak Side Hero Username: Vishvak Post Number: 6657 Registered: 01-2007 Posted From: 73.164.13.25 Rating: N/A |
Infosys board responsible for the mess August 19, 2017 09:43 IST 'The meanness of the board statement apart, it nowhere answers the most fundamental and damaging aspects of the deteriorating work culture among top company executives to which Narayana Murthy had been repeatedly drawing attention,' says B S Raghavan, the distinguished civil servant. Vishal Sikka, left and, Infosys' co-founder N R Narayana Murthy The malodorous controversy that had engulfed the country's iconic IT enterprise, Infosys, ever since its co-founder, N R Narayana Murthy, went public in February 2017 with his strong disapproval of its straying from the austere and noble traditions set by him and other co-founders has now reached a climax, culminating in the resignation of the chief executive, Vishal Sikka. He has chosen to leave after kicking up a maelstrom of innuendos and insinuations, both in his resignation letter and his long, self-defensive, bitter blockbuster of a letter to employees leaving no doubt in anyone's mind about the founders having been thorns in his flesh. Sikka has blamed their 'unrelenting, baseless/malicious, and increasingly personal attacks' for his decision to quit. The Infosys board has been quick to back him up with a vitriolic broadside directed at Narayana Murthy himself. 'Murthy's continuous assault, including his latest letter, is the primary reason for the resignation of Sikka despite strong board support,' the board said in its statement, adding: 'Murthy's letter contains factual inaccuracies, already disproved rumours, and statements extracted out of context from his conversations with board members.' Not only Narayana Murthy, but his admirers all over the world, will have every reason to be 'extremely anguished by the tone and tenor of the statement', hauling over the coals a role model for corporate chieftains in simplicity, austerity, philanthropy and uprightness, and a living legend in his own right who raised the company to the high stature it enjoys today. The meanness of the statement apart, it nowhere answers the most fundamental and damaging aspects of the deteriorating work culture among top executives of the company to which Murthy had been repeatedly drawing attention. The most objectionable among them was the quantum of the compensation packages of top executives of the company which were not only unconscionable in themselves but astronomical in India's setting. For instance, the chief executive was granted a steep rise from Rs 6 crore (Rs 60 million) to more than Rs 65 crore (Rs 650 million) per year. Similarly, the chief operating officer got a breathtaking bonanza of Rs 12 crore (Rs 120 million) as against the Rs 4 crore (Rs 40 million) he was getting previously. This can only be termed obscene in the context of a measly 6 to 8 per cent increase for the rest of the employees and the fact that the salary for entry level software engineers had not been raised in the IT industry in India for the past seven years despite a 60 per cent rise in consumer price level during the same period. Murthy was entirely right in demanding that top leaders of Indian companies must show 'self-restraint in... compensation and perquisites' and that the Infosys board should have set and followed standards of fairness by its actions. He touched the chord of millions of Indians by his call, on a larger plane, to usher in an era of 'compassionate capitalism and make it acceptable to a majority of Indians who are poor'. Murthy's close associates from the founding days, notably T V Mohandas Pai and V Balakrishnan, the former chief financial officer, were even more trenchant. Pai was emphatic that 'unless people at the bottom (software engineers) get good, regular hikes, paying people at the top for doing nothing... for long period of time is totally wrong... We should have Indian norm for compensation. We can't follow American norm. We (Infosys) are not an American company.' Balakrishnan said a pay hike for a top executive was 'terrible for any leadership' when subordinates were being asked to 'sacrifice' on wages. He demanded reconstitution of the Infosys board since the quality of governance and value system that Infosys was known for were 'being decimated under the current leadership'. This issue is at the heart of good corporate governance, but the Infosys board's statement simply turns a blind eye to it in its anxiety to traduce Murthy. It has shown the same contemptuous disregard for public opinion by taking a self-exculpatory stand on the unsavoury allegations of violations of norms of prudence, propriety and probity pertaining to the $200 million acquisition of the Israeli firm Panaya by Infosys. The board has claimed that the report of the law firm Gibson, Dunn & Crutcher, which it had appointed to go into the complaints concerning the deal, contained no adverse findings, but has refused to make the report public. It has not also explained why executives involved in the acquisition, particularly Ritika Suri -- a former colleague of Vishal Sikka when he was the chief technology officer at Germany's SAP and a member of the team that clinched the deal -- quit Infosys soon after the global law firm submitted its report. Suri, incidentally had been brought in by Sikka as head of corporate development and ventures after he became the chief executive. Murthy, while questioning the abnormal pay rise for Sikka as well as the rationale for the large severance packages offered to two former employees, had wondered whether 'the company is using such payments as hush money to hide something.' The board is also silent on the recommendations, if any, received from law firms and corporate governance experts claimed to have been appointed by it to hold consultations with the founders and other key stakeholders. Thus, the present board must bear the entire responsibility for the dreadful mess in which Infosys finds itself today. It has been a classic case of fouling up one's own nest. If at all I can fault Narayana Murthy, it is on the count of his taking the matter to the public domain without making it clear whether he had tried his best, with all the enormous prestige he commands, to sort out the issues troubling him by quiet and discreet discussions with the board. After all, the founders togethers have a stake of roughly 13 per cent in the company, and they could have all together pulled their weight from behind the scenes to steer the company in the right and proper direction. The investing public and indeed, all those for whom Infosys had so far been a source of inspiration as a symbol of all that is best in the corporate world, would be interested in knowing whether Murthy and his co-founders made the necessary efforts and were forced to come into the open because of their failure to make the board see reason. The course personality clashes have taken in the cases of both the Tatas and Infosys, deemed to be exemplars of discernment, rectitude and excellence has set a bad example which the country could have well done without. Vi veri universum vivus vici | ||
Pagoji Junior Artist Username: Pagoji Post Number: 19 Registered: 05-2015 Posted From: 72.221.44.71 Rating: N/A |
naku murthy ki emina son'stroke emo ani doubting. read between the lines in board letter. aa Rohan gadini asst to Murthy antu edo position loki tisukunaru long long ago. may be he wanted to see Rohan as CEO and/or member of board. | ||
Awesomedber Comedian Username: Awesomedber Post Number: 1782 Registered: 04-2015 Posted From: 67.170.72.224 Rating: N/A |
Naaku murthy antey parama allergy.. Steve jobs laa feel avutaadu... Vaadu edo CEO gaa panichesukuntey veedu..public comments enti..Minimum commonsense ledu.. eedu chesey toppasi body shooping techinical level ki..IITs quality of education gurinchi comment cheyyadam enduku ? | ||
Brodipet_baadshah Side Hero Username: Brodipet_baadshah Post Number: 3842 Registered: 12-2014 Posted From: 49.207.206.71 Rating: N/A |
 sry...anteannaa naa uddesam chairman ayyundi ndhuku ilaa chesthunnaadu ani | ||
Asdf Legend Username: Asdf Post Number: 30567 Registered: 12-2014 Posted From: 76.102.43.117 Rating: N/A |
control. public ga ceo and new officers(vishal batch) pay meeda comments etc. and some internal memo lo "vishal is cto material not ceo mat" antatam. these are just the tip of iceberg. last fwe months lo vishal batch antha fire/resign. some allegations that they overpaid for acquisitions . we dont know if that is true or murthy is being control freak. read the letter from board http://www.bseindia.com/xml-data/corpfiling/AttachLive/2e9b7 3d0-8d0b-43e6-8c7c-d796c30f8058.pdf | ||
Theaviator Side Hero Username: Theaviator Post Number: 2278 Registered: 07-2014 Posted From: 183.82.42.130 Rating: N/A |
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Theaviator Side Hero Username: Theaviator Post Number: 2277 Registered: 07-2014 Posted From: 183.82.42.130 Rating: N/A |
everyone wants their share of 5.5bn cash kitty.. ee cash kadalakunda, ceo co. ni transform cheyyali and 2x value create cheyyali.. typical Kirana kottu promoters mindset, who still roam in ghurkha dress at main gate after retirement.. transformation, innovation and acquisitions are Alien words for infy investors..all the dumb investors of infy want to yield from once booming bodyshop business.. ittanti udatalu patte valla deggara cherinanduku vadi cheppu tho vadu kottukovali | ||
Brodipet_baadshah Side Hero Username: Brodipet_baadshah Post Number: 3841 Registered: 12-2014 Posted From: 49.207.206.71 Rating: N/A |
Sontha companymeedha publicgaa allegations cheyadamenti?he is still the chairman of the organization nd cant allow the share price to drop bcoz of his statements...is dis only bcoz of his ego? | ||
Asdf Legend Username: Asdf Post Number: 30566 Registered: 12-2014 Posted From: 76.102.43.117 Rating: N/A |
old sotry http://www.rediff.com/business/report/kiran-mazumdar-shaw-ap ologises-for-tweet-on-rohan-murthy/20140423.htm | ||
Awara1984 Side Hero Username: Awara1984 Post Number: 7797 Registered: 12-2010 Posted From: 183.82.166.186 Rating: N/A |
Idi kuda son stroke vallana? Is he trying to push roshan into infy? | ||
Gandhiguevara Legend Username: Gandhiguevara Post Number: 65109 Registered: 10-2009 Posted From: 175.101.105.36 Rating: N/A |
nuvvooo nee bhajana | ||
Gandhiguevara Legend Username: Gandhiguevara Post Number: 65108 Registered: 10-2009 Posted From: 175.101.105.36 Rating: N/A |
Murthy gaadu too much... too much funguring is always annoying | ||
Nice Hero Username: Nice Post Number: 16918 Registered: 05-2009 Posted From: 115.112.100.4 Rating: N/A |
intha edava laaga tayarayyadu emiti. Neethulu baagane cheptadu ga candidate | ||
Asdf Legend Username: Asdf Post Number: 30559 Registered: 12-2014 Posted From: 76.102.43.117 Rating: N/A |
http://www.bseindia.com/xml-data/corpfiling/AttachLive/2e9b7 3d0-8d0b-43e6-8c7c-d796c30f8058.pdf | ||
Last_avataar Side Hero Username: Last_avataar Post Number: 9382 Registered: 09-2012 Posted From: 174.26.117.200 Rating: N/A |
NRM acted in most unprofessional and unethical way when Satya issue broke out. ippude aadi daka vochesariki kukkedupu, karma strikesback | ||
Pulpfiction Legend Username: Pulpfiction Post Number: 44462 Registered: 02-2009 Posted From: 64.102.249.8 Rating: |
mana bathukki job cheyyadamey gaganam forget creating 1 job he created 3 lakh plus jobs direct+indirect .. Nothing succeeds like success ! | ||
Vishvak Side Hero Username: Vishvak Post Number: 6656 Registered: 01-2007 Posted From: 73.164.13.25 Rating: |
Lol... Whole world know what Murthy achieved as a leader and not even this DB know what you (us) achieved... Vi veri universum vivus vici | ||
Sodi Side Hero Username: Sodi Post Number: 2734 Registered: 01-2014 Posted From: 47.198.22.212 Rating: N/A |
 okka innovation or product ledu Sikka meeda okate nasa | ||
Twotown Side Hero Username: Twotown Post Number: 8153 Registered: 09-2016 Posted From: 172.58.120.29 Rating: N/A |
Adhi mee konthaa varaku maa days lo annai.. Ippudu ee vidangaa different great godava devuderugu .. | ||
Manthri Comedian Username: Manthri Post Number: 1626 Registered: 02-2013 Posted From: 157.130.175.102 Rating: N/A |
lol Just because its a darling to Media and Stock markets ? | ||
Legend Username: Twitter Post Number: 54509 Registered: 10-2009 Posted From: 136.56.39.203 Rating: N/A |
30k crores padindha okka roju lo..how big is this loss to infy? | ||
Asdf Legend Username: Asdf Post Number: 30555 Registered: 12-2014 Posted From: 76.102.43.117 Rating: N/A |
antha maatal enduku kanai, murthy is great. but chala hypocrite. office lo8 hours work tarvata productivity vundadu, evvarni vundakandi antaa ani edo annaru. few like that | ||
Bushu Hero Username: Bushu Post Number: 13984 Registered: 04-2009 Posted From: 50.245.49.139 Rating: N/A |
Sikka put out a lot of numbers of growth in his farewell letter. if that's all true, it's very impressive given that he was also leading a big change. Murthy should have just taken easy. Now, they will struggle to find a new CEO. no wonder, the board has gone to war with Murthy. | ||
Bharat Side Hero Username: Bharat Post Number: 4415 Registered: 06-2015 Posted From: 149.168.240.7 Rating: |
Murthy gaadu pettindhi oka body shop, buildup emo steve jobs lekka | ||
Bharateeyudu Side Hero Username: Bharateeyudu Post Number: 6242 Registered: 03-2016 Posted From: 117.221.91.67 Rating: N/A |
curious case of cyrus mistry and sikka..!!! | ||
Asdf Legend Username: Asdf Post Number: 30552 Registered: 12-2014 Posted From: 76.102.43.117 Rating: N/A |
ha hasini mana platy naa? naaku nuv vaddu siddu ani seppi infy nunchi vachesaadu j/k | ||
Andhrawala Legend Username: Andhrawala Post Number: 61733 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
NRN Murthy behaving like Bommarillu daddy Sikka trying for freedom like Siddu No Signature | ||
Platypus Side Hero Username: Platypus Post Number: 6852 Registered: 01-2008 Posted From: 82.13.134.86 Rating: N/A |
Greatest company - but the public feud isn't helping anyone. While I gravitate towards Murthy because I practically grew up under his leadership, I think he hasn't given enough space to Sikka to transform the company. It is like giving his baby for adoption and still comment on a daily basis on the way the new parents are handling the baby. | ||
Pulpfiction Legend Username: Pulpfiction Post Number: 44452 Registered: 02-2009 Posted From: 64.102.249.9 Rating: N/A |
greatest indian company ever Nothing succeeds like success ! | ||
Savyasachi Comedian Username: Savyasachi Post Number: 1985 Registered: 12-2013 Posted From: 98.192.131.235 Rating: N/A |
i know | ||
Platypus Side Hero Username: Platypus Post Number: 6851 Registered: 01-2008 Posted From: 82.13.134.86 Rating: N/A |
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