Latest from Brian Sommer
Satyam – Can anything be trusted in Raju’s resignation letter?
Why he couldn’t have acted aloneAccording to the Financial Times, former Satyam chairman Raju may have been quite busy in the deception he orchestrated. In this article, we learn that:The former chairman of Satyam Computer Services inflated the size of the outsourcing company’s workforce by nearly one-quarter and siphoned off the wages of the fake employees, Indian authorities have claimed.
More Litigation for Satyam & trouble for their ex-CFO & PWC
What you can learn from a court filing and some news storiesThis weekend, I read about (by my count) the fourth class action suit being filed against Satyam, its management and PriceWaterhouseCoopers (PWC). This particular filing Satyam court filinghas a very up-to-date and complete chronology of events in it and provides a great backgrounder for anyone just catching up on the Satyam situation.
Will the Satyam incident spur real change?
Indian Media Sees Overly Kind Treatment of Ex-ChairmanThe Hindu today reported that former Satyam Chairman Ramalinga Raju has been treated with "white gloves". Specifically, the former executive has been given a very different treatment than that encountered by another famous Indian executive involved in a less spectacular situation.