ISBN 9788182743915,7 Deadly Sins Of Corporate Mismanagement

7 Deadly Sins Of Corporate Mismanagement



Neha Publishers & Distributors

Publication Year 2009

ISBN 9788182743915

ISBN-10 8182743915

Paper Back

Number of Pages 215 Pages
Language (English)

Corporate finance

The volcano of ? Satyam?s Great Fraud?, an over Rs.7,000 crore swindle by its Chairman and CEO, Mr. Ramalinga Raju, the largest in India?s known economic history, burst into the open during the chilly days of early January 2009, when the painfuyl dust of the Mumbai8 carnage of 26/11 was just starting to settle.

Its debris inflicted painful wounds on the psyche of its over 50,000 employees, thousands of international customers, and millions of investors in India and abroad. Several of its bankers, financers, suppliers, auditors, and senior managers too did not escape monor economic and psychological wounds.

The basic issue thrown up by this disgraceful fall of one of India?s internationally iconic IT-brands, besides frauds and financial malfunctioning, is that of corporate mis-governance.

Satyam is not the only culprit in the corporate forest of India. There are several Satyams in India?s realty and infrastructure sectors where those in the know say that top politicians have dirtied their hands and faces fairly substantially. They are awaiting exposure which will require whistleblowers of exemplary courage and resourcefulness.

On lower scales, as per the author?s personal experience, minor Satyams happen every days in almost every Indian corporate identity, It will, indeed, be impossible to locate an exception. To sum up, Satyam basically highlights the issue of corporate mis-management.

This book elaborates the author?s personal encounters with a number of situations of corporate mismanagement over a period of over 40 years during which he passed through unrighteous business environments.