Comments on: Satyam,ICICI&HDFC http://rsakthi.wordpress.com/2009/01/13/satyam/ Randomized thoughts gets a form here. Sun, 01 Nov 2009 19:49:43 +0000 http://wordpress.com/ hourly 1 By: Rohan http://rsakthi.wordpress.com/2009/01/13/satyam/#comment-104 Rohan Wed, 21 Jan 2009 08:58:52 +0000 http://rsakthi.wordpress.com/?p=377#comment-104 hehehe..typical indian IT chap..satyam is this & i m that..for once jst think that u IT guys r worth nothing..u r not 1 among 53000 but one amongst 100,00000 IT engineers in India..So grow up..working in a failed company doesn't teach you how to manage a failed company...give urself a break, look for a new job and stop being sentimental about ur work or ur company..behave like a professional and not like a 5 yr old kid who thinks that the whole world is interested in finding his lost toy.. hehehe..typical indian IT chap..satyam is this & i m that..for once jst think that u IT guys r worth nothing..u r not 1 among 53000 but one amongst 100,00000 IT engineers in India..So grow up..working in a failed company doesn’t teach you how to manage a failed company…give urself a break, look for a new job and stop being sentimental about ur work or ur company..behave like a professional and not like a 5 yr old kid who thinks that the whole world is interested in finding his lost toy..

]]> By: Shrinidhi Hande http://rsakthi.wordpress.com/2009/01/13/satyam/#comment-103 Shrinidhi Hande Tue, 20 Jan 2009 04:41:36 +0000 http://rsakthi.wordpress.com/?p=377#comment-103 I do not see anything wrong in Banks reducing credit limits. While I understand that they're expected to be supportive during the times of crisis, please note that Banks have their own interests to protect-they're answerable to their depositors, share holders and staff. It is quite natural that when they sense a risk (of cardholder's possible inability to pay the dues) they will take some corrective action to reduce their risk. If you change job or if your salaries come on time Banks will promptly restore the limit... One is not supposed to rely on sentiments and emotions while dealing with money and I don't expect Banks to do charity... Also it is not a good habit to depend on credit cards for everything. One is expected to have some savings for possible difficult times like these... Anyway ICICI has restored the limits now I do not see anything wrong in Banks reducing credit limits. While I understand that they’re expected to be supportive during the times of crisis, please note that Banks have their own interests to protect-they’re answerable to their depositors, share holders and staff.

It is quite natural that when they sense a risk (of cardholder’s possible inability to pay the dues) they will take some corrective action to reduce their risk. If you change job or if your salaries come on time Banks will promptly restore the limit… One is not supposed to rely on sentiments and emotions while dealing with money and I don’t expect Banks to do charity…

Also it is not a good habit to depend on credit cards for everything. One is expected to have some savings for possible difficult times like these…

Anyway ICICI has restored the limits now

]]> By: Sunny http://rsakthi.wordpress.com/2009/01/13/satyam/#comment-102 Sunny Mon, 19 Jan 2009 18:33:02 +0000 http://rsakthi.wordpress.com/?p=377#comment-102 http://www.topandhra.com/Politics/ShowContent.aspx?cid=6996&catid=2&subcat=4&ctype=5 This sums up the whole set up which may have caused this guy to fess up. Does the pending Upaid=Satyam litigation in US might have played a role? Anyhow, there is no such thing as "Employer-Employeer loyalty". Only "Employee-Employer" loyalty. The former is a fool's paradise. http://www.topandhra.com/Politics/ShowContent.aspx?cid=6996&catid=2&subcat=4&ctype=5

This sums up the whole set up which may have caused this guy to fess up.

Does the pending Upaid=Satyam litigation in US might have played a role?

Anyhow, there is no such thing as “Employer-Employeer loyalty”. Only “Employee-Employer” loyalty. The former is a fool’s paradise.

]]> By: Sunderapandyan http://rsakthi.wordpress.com/2009/01/13/satyam/#comment-97 Sunderapandyan Thu, 15 Jan 2009 04:01:32 +0000 http://rsakthi.wordpress.com/?p=377#comment-97 The Government of India has decided (or is deciding) to give 2000 crores to bail out Satyam which most of us would appreciate. However, farmer suicides in our country since 1997 to 2008 total 1,82,936. Those farmers WERE NEVER BAILED OUT. Dr Rudhran examines the correlation from a common mans perspective: <a href="http://kalugu.com/2009/01/14/satyam-bailout-dr-rudhrans-perspective/" rel="nofollow">www.kalugu.com</a> The Government of India has decided (or is deciding) to give 2000 crores to bail out Satyam which most of us would appreciate.

However, farmer suicides in our country since 1997 to 2008 total 1,82,936. Those farmers WERE NEVER BAILED OUT.

Dr Rudhran examines the correlation from a common mans perspective: http://www.kalugu.com

]]> By: John http://rsakthi.wordpress.com/2009/01/13/satyam/#comment-96 John Wed, 14 Jan 2009 22:00:44 +0000 http://rsakthi.wordpress.com/?p=377#comment-96 Read what happened to ENRON. http://en.wikipedia.org/wiki/Enron Employees approx. 22,000 in 2000 approx. 4 as of 2008 Read what happened to ENRON.

http://en.wikipedia.org/wiki/Enron

Employees approx. 22,000 in 2000
approx. 4 as of 2008

]]> By: John http://rsakthi.wordpress.com/2009/01/13/satyam/#comment-95 John Wed, 14 Jan 2009 21:57:25 +0000 http://rsakthi.wordpress.com/?p=377#comment-95 I do not know much about Satyam. But this is what I know. Read about ENRON. They were in the same boat as Satyam is right now. ENRON did not make it through the storm. There are many financial reasons for this. Unless another company is ready to buy out Satyam, nobody can save it. The company will disolve itself. The management will not be able to pay your salaries. Looking at the number lawsuits piling up. Most of the money earned will end up in the company lawyers pocket and a major chunk of it will go the clients who are suing Satyam. A larger number of clients will leave Satyam and get their projects executed elsewhere. I understand your loyalty. But remember, you are working to get paid. If company has no money, it cant pay you. So hope some company will buy Satyam. Or else you will sink along with the company. I do not know much about Satyam. But this is what I know.

Read about ENRON. They were in the same boat as Satyam is right now. ENRON did not make it through the storm.

There are many financial reasons for this.
Unless another company is ready to buy out Satyam, nobody can save it. The company will disolve itself. The management will not be able to pay your salaries.

Looking at the number lawsuits piling up. Most of the money earned will end up in the company lawyers pocket and a major chunk of it will go the clients who are suing Satyam.
A larger number of clients will leave Satyam and get their projects executed elsewhere.

I understand your loyalty. But remember, you are working to get paid. If company has no money, it cant pay you. So hope some company will buy Satyam. Or else you will sink along with the company.

]]> By: Amit http://rsakthi.wordpress.com/2009/01/13/satyam/#comment-94 Amit Wed, 14 Jan 2009 20:46:49 +0000 http://rsakthi.wordpress.com/?p=377#comment-94 Why are you working without proper sleep or food ? Did Ramalinga Raju feed you daily...this type of non-sense has to stop. You were an employee not his son. Why do you expect him to feed you ? Why are you working without proper sleep or food ? Did Ramalinga Raju feed you daily…this type of non-sense has to stop.

You were an employee not his son. Why do you expect him to feed you ?

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