PR discussions: RE: [prpoint] Satyam Fiasco - Satyam Chief needs to be arrested immediately

sorry for interrupting again.

before my comments, let me make it clear we do no work for satyam nor do I hold any brief for the rajus.

but to take criminal action based on media reports and one letter is vigilantism and not at all aceptable.

there needs to be quick investigation as to how this happened who is responsible, their levels of culpability and then whatever the laws proscribe the action should be taken.

when media says someone is a god we worship and when they say he is devil we all start wanting them jailed not realizing there is a process that needs to be adhered to.

finally, everyone seems to be missing the point that a fraud of this magnitude and happening over a period could not be covered or committed by one single individual. it requires a large team and there is no single villain. in a daylight robbery no one can arrest only the robber holding the gun. everyone from the driver of the vehicle to the one standing outside all need the same punishment.

let us be sane and not decide what actions need to be taken. and let us not day dream that PR professionals can stop this. ask one person to come out and whistle blow a satyam kind of company and see what happens to their firm/career. at best we can advice the management and resign if unheeded. that is the best professionally one can do.

regards,

xavier

To: prpoint@yahoogroups.com
From: omkarthatte@gmail.com
Date: Thu, 8 Jan 2009 12:00:04 +0530
Subject: Re: [prpoint] Satyam Fiasco - Satyam Chief needs to be arrested immediately

From my side following are the suggestions:
Internally

First of all, all the IT companies will have to 'listen' to what their clients have to say about the whole situation.
Companies should immediately take up confidence building measures in a subtle manner. Assuming, our clients/ shareholders know how good we are will not help.
For Satyam: It needs to give a clear cut direction about its future to its employees.

Externally:

Companies should adopt a wait and watch attitude, and let the Government/ regulatory bodies know about the trust they have in them.

Regards
Omkar

2009/1/8 Narendran A <naren_vna@yahoo.com>

Freinds

From what has been happening since yesterday, Industry leaders have expressed complete shock over the incident, everyone feel that thorough investigation need to be done and guilty be punished. NRN says that we need to walk extra mile, Government says Satyam is not the IT industry.. can we think of ways and means which will help India over come this corporate crisis..I am sure this incident would have raised eyebrows of investors, may be an opportunoty for competing nations to use it as an opportunity and grab business.

I wish to put down my thoughts:

A) Immediate arrest and trail of Mr. Raju: Will this show the world that we are quick reacting to the situation and show that law is for everybody

B) Government coming forward and forming a team comrpising of Industry leaders to guide current management overcome this crisis. This step will help India win confidence of global business community, potential/current investors.

Request members to share their thoughts...

Best regards

Narren

--- On Thu, 1/8/09, philip1957272 <philip1957@gmail.com> wrote:

From: philip1957272 <philip1957@gmail.com>

Subject: Re: [prpoint] Satyam Fiasco - Satyam Chief needs to be arrested immediately
To: prpoint@yahoogroups.com
Date: Thursday, January 8, 2009, 8:43 AM

dear all

Arrests have to be made very soon.The system should act immediately
which will send out strong signals to the world.If we are lethargic
and do not act, India's trust will be eroded.The Big picture should
come out and other accomplices names should come out.Why has this
happened? Who forced Raju to take it lying down? What were the
pressures? Is it pure greed or something beyond that? Are some
international forces involved.

Philip Joshua

--- In prpoint@yahoogroups .com, "xavier prabhu" <xavier@...> wrote:

dear all,

to add, it is common knowledge that most companies cook their books to an
extent simply to keep up with pressures of the market. and the markets
sometime put unrealistic pressure on the companies not realizing that ups
and downs are part of any business, even good business.

this fueled by the attitude of making quick money is quite pervasive in the
system and PR/corp/ comm. profesionals are support or mere bystanders to
this whole episode.

this is a well spread rot in our system from newcomers with no experence or
knowledge do everything to get better pay packets to executives cooking
books to get better returns for themselves.

can we somehow step back and ponder? is this approach leading us anywhere?
Satyam going down is not good for IT, India, moreso in this environment. it
will destroy more investor wealth, careers and such devastation is not good.

can we take the long hard route to success and not the short cut and instill
this across?

xavier

On Wed, Jan 7, 2009 at 6:16 PM, xavier prabhu <xavier@...> wrote:

> Dear all,
>
> again, beg to differ from many points of view and outrage in this e-mail
> group.
>
> we are merely reacting and saying PR/corp. comm is the solution or have a
> role is not understanding really how large companies work. when a company
> can take regulators for ride what use and power have PR/corp.comm people who
> need to protect their salaries and retainers.
>
> regulation may not be the answer as regulators are not gods and are prone
> to influences. US has Sarbans-Oxley and still see what happened all around.
> we need to go deeper and hate to see this as a personal or one person issue.
>
> in all this, I am increasingly questioning the media which seems to be
> absolutely unaccountable and profiting either ways. they write about these
> guys in glowing terms, send their stocks soaring and one fine day all hell
> breaks loose and there are negative stories galore. even the most reputed
> global media outlets could not for years smell or even figure out something
> as simple and visible as mortgage issue which is the fountainhead of this
> global recession.
>
> the question of personal ethics and integrity will come to haunt all of us
> more and more as the depravation in this area across private, media,
> government and NGO reaches levels that are unbearable. like we all became
> conscious after 26/11, it is time we delve deeper and ask even serious
> questions of ourselves.
>
> we all invested in stock markets hoping for mammoth returns forcing people
> to just play ball and ride the wave and look st the mess we have created.
>
> this is not the time to do witch hunting, this is the time to strengthen
> the system and focus on better values inculcation. Greed cannot be stopped
> by any system or mechanism unless the individual stops or the greed consumes
> them.
>
> regards,
>
> xavier
>
>
> On Wed, Jan 7, 2009 at 2:55 PM, BNK <mailbnk@... > wrote:
>
>> It's major issue concerning corporate governance. Communication
>> professionals should ensure that the principles are adhered to and
>> educate/caution their managements teams on this. Like we do media DO's and
>> Don'ts, we must prepare a list for corporate governance with the help of
>> Independent directors. Most problems occur when corporates do not involve
>> independent directors who are reduced to just figureheads and attend Board
>> meetings only as a formality.
>> Corpcom teams must also insist on transparency. Keep doing periodical
>> workshops and invite experts like N Vithal, Narayana Murthy, Dr Kalam and so
>> on to speak to coporate groups. These kind of activities/knowledg e forums

>> can also be done at FICCI, CII, PRCI as well
>> Regards
>> bnk
>>
>>
>> 2009/1/7 Narendran A <naren_vna@. ..>
>>
>>> Friends
>>>
>>> I am sure all of us would be tracking the news of Ramalinga raju
>>> resigning from the post of Chairman of Satyam Computers and admitting
>>> profits being inflated and so on.. the letter of his resignation are there
>>> in the news websites..Satyams share price has come down by 34%..
>>>
>>> Its interesting to study from communications point of view. Can stalwarts
>>> in the group educate us on the following:
>>>
>>> a) How should an issue like this be handled? as we are talking about one
>>> of India's top executive
>>> b) What impact will it have on the image of the company/employees?
>>> c) What caution should be adopted while delaing with sensitive issues?
>>> d) IS there any chance for the company to use this as an opportunity to
>>> build its image(positive) ?
>>>
>>> Also read this article
>>>
>>> http://www.livemint .com/2008/ 12/18221653/ What-should- Satyam-and- Raju-do.html
>>>
>>> Best regards
>>> Narren

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