Satyam had seen phenomenol growth in last few years, worldwide customer base, soaring share prices, large scale investment plans, big company size, multi million dollar contracts and what not. Everybody saw it crumbling down the day Raju announced mis deeds, and everybody thought its all gone - some foreign media even termd it as INDIAs ENRON. So picture was like enron is gone so satyam will.
Today satyam is still there, up and running with new thoughful leadership of mahindras, solid organizational backup, people willing to do business. Whatever will happen to culprits, debts and lawsuits - its still there - firm and solid.
Question is WHY? Because in its first few weeks of problem - it got able leadership of indutry czars, a clear governance model setup and steering through indian government, a process to get it out of all negatives and providing it new owner.
Now another question is - Why the same cannot happen to AIR INDIA. The situation is same. Nobody - not any single person - did any fraud on the face of it. But everybody allowed it get it to this stage. Under their nose, everybody allowed it crumble step by step, even contributed to it one or the other way. So now its asking for rescue package. What would be a better rescue package than making it TATA AIR? This way atleast a company can be saved, all jobs can be saved, infrastructure can be saved and still it will fly - may be with flying colors.
But the real question is - will babudom (a famous word for indian beaureaucracy) sitting in india's capital will allow it to happen? Will indian politics will allow it to happen?
Lets wait and watch.........
-Prashant
Today satyam is still there, up and running with new thoughful leadership of mahindras, solid organizational backup, people willing to do business. Whatever will happen to culprits, debts and lawsuits - its still there - firm and solid.
Question is WHY? Because in its first few weeks of problem - it got able leadership of indutry czars, a clear governance model setup and steering through indian government, a process to get it out of all negatives and providing it new owner.
Now another question is - Why the same cannot happen to AIR INDIA. The situation is same. Nobody - not any single person - did any fraud on the face of it. But everybody allowed it get it to this stage. Under their nose, everybody allowed it crumble step by step, even contributed to it one or the other way. So now its asking for rescue package. What would be a better rescue package than making it TATA AIR? This way atleast a company can be saved, all jobs can be saved, infrastructure can be saved and still it will fly - may be with flying colors.
But the real question is - will babudom (a famous word for indian beaureaucracy) sitting in india's capital will allow it to happen? Will indian politics will allow it to happen?
Lets wait and watch.........
-Prashant
Comments
Post a Comment