Satyam boss turns to employees support

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Old 31-Dec-2008
deepak pace
Post Satyam boss turns to employees support

Hyderabad: Under attack from investors and many of the Board members over the Maytas acquisition fiasco, Satyam Computer Chairman Ramalinga Raju today solicited support of employees, saying everything possible was being done to get the company back on track.

At the same time, he hit out at the detractors, including four directors who quit the Board over corporate governance issues, saying: "The Board arrived at its decision to bid for Maytas by following all required processes and procedures and while there was a spirited discussion among members, their vote to approve the motion was unanimous."

Breaking his silence on the embarrassing developments over the last two weeks, Raju said in an open letter to employees that "please be assured that the Board and the leadership team are doing everything that's possible to get
Satyam back on track.

"We cannot do this without your help... I ask for your continued faith in Satyam and for your steadfast focus on your customers, specially in the face of wild speculation and unchecked rumours."

The letter comes amid reports of uneasiness among the over 50,000 employees of the company, even as speculation was rife that a chunk of its talented employees was already looking for other options.

Old 31-Dec-2008
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Old 27-Feb-2009
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