Actually I am trying to think like Ramalinga Raju or to say I am thinking like a Big Man J. I have never met Ramalinga Raju but will definitely like to meet him once. Till then I can only guess what his thoughts were but I can say with conviction that his intention was not wrong. Hold on…hold on please before you start throwing things at me like @#$%.....&*^%. I am only saying that his intention was not wrong as A BUSINESS MAN. He just wanted to earn more money quickly. Now am I correct???
Raju’s thoughts…”What am I earning from this big company named Satyam? After so many years of hard work and with my caliber I have created a valuable company like Satyam but my earnings value is so low. In a way I am earning for these shareholders who have invested only once and are repeatedly taking higher returns. Therefore instead of giving Satyam’s money to these guys why don’t I create another company, maybe in the real estate sector which gives much higher returns. I can retain a much higher share in this new company and it will also be good for the future of my two sons. If at all time comes to return the money to Satyam, either I can return from this new company which will give me higher returns or in worst case scenario I will merge this company with Satyam…”
This is where he did two things wrong. He forgot that Satyam was a listed company and the money thus earned is not entirely his. Secondly, he thought the money taken out of Satyam can be returned when required because of high returns in real estate sector.
What gave him in were his greed and equally importantly, The Recession. Had he limited his money siphoning from Satyam to a much smaller amount and had the recession not hit the real estate sector so badly, Ramalinga Raju could have still managed.
Irony is that the name Maytas with reverse spelling of Satyam actually reversed social fame of the name Ramalinga Raju.
Wednesday, April 29, 2009
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