There are more fiasco coming including
"Satyam head arrested and existing board scrapped".
"Infy not to poach Satyamites"
"No Salary for Next 2 month ! for Satyamites"
What do you do if you will new board member of Satyam ???
this is just very common thinking, put your thoughts below !!!
This is just common points, What you will do for execution of this ? or other relavant points ?
- Accessing company's financial situation and fianancial confidence...
- Steps to not lose existing clients/contracts
- Steps to not lose existing workforce/associates [or totally reverse, if copmany is in financially worst problem !]
- Winning confidence of associates,clients and investors !
- Steps to make regular work normal, Removing uncertainities and making picture more clear.
- Better and Managed PR.
- Fill Bankcruptcy ???
- Claim Tax Refund ??
- Raise more money from external source ?
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Update 1:
Some good sign for Satyamites !
hemantkum
Disclosure of name with his permission. Hemant is friend and barcamper.
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Repeating the question :
Assume you are appointed in Satyam's board, what all steps you will do for the best interest of all ???
-Raxit Sheth
4 comments:
Close the company down and start a new venture with key people and customers from existing company.It makes absolutely no business sense to actually go through all the known/unknown mess that has been created. Any successful business cannot be run with emotions.
i think best thing is for the company file bankrupcy and this is the only way legal liablitis will not be transferred to the compnay showin intrest in satyam and then a takeover.
@Lalit, @Dipali
you may be right, but will it save the Satyam ? (and his staff and investor ?)
In that case what will happen to Satyam's staff, Satyam's investor ???
would suggest invite your friend to become Satyam's new board member !
-Raxit
i agree with lalit....i too thought same......
BPO work from home
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