Satyam chairman seeks employees support

Satyam chairman seeks employees' support

Says the company is completely committed to the IT and BPO businesses

Wednesday, December 31, 2008

BANGALORE, INDIA: Even as more and more directors are quitting Satyam Computer Services, following the Maytas takeover fiasco, chairman Ramalinga Raju on Tuesday asked employees to stand-by him.

“Please be assured that the board and the leadership team are doing everything possible to get Satyam back on track. We cannot do this without your help, however,” Raju told over 50,000 Satyam staffers through an email.

“I ask for your continued faith in Satyam and for your steadfast focus on your customers, especially in the face of wild speculation and unchecked rumor.”

In the letter he said the board “arrived at its decision to bid for Maytas by following all required processes and procedures, and while there was a spirited discussion among members, their vote to approve the motion was unanimous.”

Asserting that the customers continue to show a high level of trust in Satyam, Raju said the company has taken key steps to regain their confidence.

“These include strengthening the board by changing its size and composition, and engaging DSP Merrill Lynch to provide strategic advice and options," he added.

Raju also emphasized that “Satyam is completely committed to the IT services and BPO business, as we have been since our inception”. The board meeting of Satyam is scheduled to take place on January 10, 2009.

©CyberMedia News

Would you like to Comment on this Article?

Name
Email
Comment Here
Code Verification

Read Comments

Surapaneni Gopichand said on 12/31/2008 10:43:10 AM:
very sorry to know about the developments taking place in the company effecting the interests of the share-holders and i only advice the management to take all the necessary efforts to keep up the past pride of the company in the best interest of the share-holders.

to Surapaneni Gopichand

+ Follow us to know more about CIOL +

Spectrum refarming to disrupt services?

Book your trip to Vaishno Devi online

What's qualification of Indian IT leaders

Facebook used for Mumbai's rave party

SEBI warns small investors

Why 122,680 Facebookers 'like' Nirmal Baba?

Do you think IT employees need unions?

DataWind terms Aakash II launch a revolution

Can Aamir Khan bring down female foeticide?

Bing or Google, what do you use?

Subscribe to PCQuest for iPad & Android tablets

Register Free at DQ Top 20 Online portal & get insights on the Indian IT Industry

Enterprise IT News and Analysis in your inbox

Subscribe to the free PCQuest newsletter

Do you think IT employees need unions?

Arun and Cipla - no ladders, no snakes

Cyber attacks: Have India's neighbours turned culprits?

Personal cloud will eclipse PC: Gartner

SMEs don't give much importance to security

Sponsored Links

Custom Site

Demo Downloads On :

1-Click News Updates