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Where Satyam breaks from being India's Enron
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Added by
apesphere on 17 Jan 2009
From: www.informationweek.com
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| Image courtesy mashget via Flickr |
Information Week's Rob Preston interviewed both Enron and Satyam's CEOs a short period of time before their respective falls from grace.
He describes many reasons to distinguish the two cases, but it seems possible to distil it down to this: Enron was led by an arrogant man who built a business consisting of hot air; Satyam was run by a flawed but genuine business builder who leaves behind a still substantial business.
The jury has already returned a verdict in support of the Enron summary. But what will emerge over time regarding Satyam's Ramalinga Raju?
He describes many reasons to distinguish the two cases, but it seems possible to distil it down to this: Enron was led by an arrogant man who built a business consisting of hot air; Satyam was run by a flawed but genuine business builder who leaves behind a still substantial business.
The jury has already returned a verdict in support of the Enron summary. But what will emerge over time regarding Satyam's Ramalinga Raju?
Andrew Newton is the author of The Handbook of Compliance: Making Ethics Work in Financial Services
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