What do you think went wrong in the case of Satyam, and how did it affect you?
I was disappointed, disgusted. The IT industry has done a pretty good job of raising the country's image in the world and Satyam has hurt it.
Satyam is a classic example of a company with a feudal culture where there are different sets of rules for the king and the rest of the employees. There is opacity due to a centralised authority and in such an environment best practices are subordinated to quick profits. Opposition is impossible. In such a culture, the rest of the people are afraid to question the king even if they perceive something is going wrong.
This is not a case of failure of entrepreneurship. . . It is a case of greed and ego of some super managers. That is not capitalism. Capitalism is all about creating an environment where individuals can leverage their innovation and entrepreneurial skill to create better opportunities.
The real character of the person can be known only through what he does when nobody is watching. It is the value system that determines the core of an individual.
Image: Media people outside the headquarters of Satyam Computer. | Photograph: Krishnendu Halder/Reuters
Also read: The man behind the Satyam takeover
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