The recent mayhem of Satyam's Ex-chairman caused a lot of worries. There are heated debates in Times Now, CNN IBN, NDTV and NDTV Profit. The reporters are doing a decent job in trying to bring the facts to the viewers. It is painful, alarming, disgusting and never-again accident. The "so-called" corporates are trying to prove that they are on par with politicians. The politicians do vote bank politics to give power in order to earn money. The corporates are clever enough to avoid a redundant step of trying to capture the power. The news on Satyam have not dried up yet and in fact there are lot of developments such as grilling of "ex" Chairman, MD and CFO.
Now, few more snakes are out of the park. Again, World Bank has opened its mouth saying that it has barred few more companies. The companies are Satyam, Wipro and Megasoft. All the companies, at some point of time, were trying to give "improper benefits" to bank's staff. World bank has started to dig the mess to find some of its employees have illegal partnerships with above stated companies.
If you are curious to know more about the story, here are the links.
Wipro Story
All Stories
Let us give some time for the corporates to give some meaningful and sensible answers. If I am not wrong, one of the executives of Wipro was trying to justify the deed by conveying that Wipro does not have more exposure (less than 1 million $$$ aggregated revenues for eight years) to World Bank. This clearly shows that Wipro neither cares about its credibility nor its investors. At this point of time, I would like to believe and hope that the bad news (developments of yet another fiasco) of Wipro ends here. Because, even in the case of Satyam, everything started with World Bank and the end is terrible.
So, at this point of time, my question is "who's next".
Now, few more snakes are out of the park. Again, World Bank has opened its mouth saying that it has barred few more companies. The companies are Satyam, Wipro and Megasoft. All the companies, at some point of time, were trying to give "improper benefits" to bank's staff. World bank has started to dig the mess to find some of its employees have illegal partnerships with above stated companies.
If you are curious to know more about the story, here are the links.
Wipro Story
All Stories
Let us give some time for the corporates to give some meaningful and sensible answers. If I am not wrong, one of the executives of Wipro was trying to justify the deed by conveying that Wipro does not have more exposure (less than 1 million $$$ aggregated revenues for eight years) to World Bank. This clearly shows that Wipro neither cares about its credibility nor its investors. At this point of time, I would like to believe and hope that the bad news (developments of yet another fiasco) of Wipro ends here. Because, even in the case of Satyam, everything started with World Bank and the end is terrible.
So, at this point of time, my question is "who's next".
