Tend to agree with Bindu. The shares were never meant to be priced at what they are. If this was not exposed, many more people would have invested in the shares and the loss could have been much more than what it is now. People would have continued to believe in the net worth of the company ( The balance sheet showed a cash and bank balance of over 7500 crores out of which more than 7000 does not even exist).
It is not the government but the management who was playing with lives of so many employees. The truth is out now and atleast the employees have a choice of making an informed decision. This is better than the company suddenly going bankrupt one fine day. This seems a very well planned conspiracy which could not have been done by one person. Once the investigation starts, many heads are likely to roll. Cheers, Jatinder "Bindu Tewari" <[email protected]> Sent by: [email protected] 01/12/2009 10:14 AM Please respond to [email protected] To [email protected] cc Subject exghps1988v_v Re: Raju's letter- Satyam Hi Nirmohan, All I can say I that it is a blow on the corporate governance. Integrity cannot be bought.Either one has Integrity or one does not have Integrity (it cannot be 99.999%) Hence if money is the sole driver,then values are not required. To err is human,but to err knowingly is deceit...and that is what has been done by Satyam's Corporate team. The question we may ask is that : IS IT OK to be corrupt to succeed ?? Have a good Day Bindu On Sat, Jan 10, 2009 at 10:33 AM, nirmohan singh <[email protected]> wrote: well .. its the government and the way the scam was handled has cause much more loss then Raju.... they actually killed the company ...raju scam( even if 100%true ) was 7000 cr but the compnay was functioning.. 62000 employees, 185 of fortune 500 companies as customers... this is not at all a scam.. It is very much real. The per year revenues are much more them Mr.raju scam.. they should not have over hyyped it so much ..so as to virtually kill the business empire causing 30,000 cr loss of share holders and put the entire india's image at stake.... Bindu what say you in this matter... Date: Thu, 8 Jan 2009 15:07:09 +0530 From: [email protected] Subject: exghps1988v_v Raju's letter- Satyam Hi Folks, Copy of Raju's letter in Satyam debacle....another perspective Regards Bindu --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "EX,GHPS,1988,V.V" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/exghps1988v_v?hl=en -~----------~----~----~----~------~----~------~--~---
