Satyam Computers Corporate Governance Fiasco (A): Siblings Are Dearer Than Shareholders?
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Code : GOV0033
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Region : India |
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Satyam Computer Services: Becoming a Global Company The success story of Satyam began in 1962, when Ramalinga Raju’s father Satyanarayana Raju and mother Appalanarasamma shifted from the interiors ofAndhra Pradesh (AP) (a South Indian state) to its capital city, Hyderabad (Exhibit I). Belonging to a family of farmers and a small but prominent feudal community, Satyanarayana Raju not only invested in massive land holdings but also ventured into viticulture, cultivation of grapes... Byrraju Foundation The Foundation renders its services in the fields of primary education, skills development, adult literacy, infrastructure, healthcare, sanitation and environment. Its main aim is to transform the lives of village community with a holistic scientific approach. The Foundation has spread across 189 villages in six districts of AP, namely Ranga Reddy, Visakhapatnam, East and West Godavari, Krishna and Guntur... A Tale of Two Realty Firms The Foundation renders its services in the fields of primary education, skills development, adult literacy, infrastructure, healthcare, sanitation and environment. Its main aim is to transform the lives of village community with a holistic scientific approach. The Foundation has spread across 189 villages in six districts of AP, namely Ranga Reddy, Visakhapatnam, East and West Godavari, Krishna and Guntur... |
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Satyam Computer Services and Maytas Deal History always repeats. A problem once experienced by one entity may crop up in another entity at a different set of time. However, a problem that was not solved completely at the very first instance in an entity will continue to recur and bog that entity forever. Similarly, the issue of investing out of Satyam funds in other businesses run by Satyam promoters, which created the first ever conflict in the history of Satyam in 1992 and second time in 1998, once again cropped up in December 2008...
