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Bad Luck Raju

with 7 comments

Raju ban gaya scamster, raju ban gaya conman, raju the fraud and many other name’s were given to Ramalinga raju after the satyam issue came out.
Dont know why, but i dont like calling him a fraud he just had bad luck at decision making, well he inflated books and i am sure that many companies around the world do this kind of thing in anticipation that it would be adjusted with the future profits, many such instances of cooking books might be taking place around the world but its just that they dont come out in the open. The thing that raju did is something that anybody would have done, after all he wasnt stealing anything. He even had to pledge is personal holding for that, he certainly didnt intend to run away with money he was just trying to save the company.  As for the share holders who think they lost so much money well it would have been lost anyway if the company would have stated earlier about its negligible profits. If satyam might have reported the losses as and when it occured the company would have been in no better situation than it is today, rather it would have brought down the prices of other IT majors too in anticipation of a trend.
To a point i would consider him brave because atleast he told the truth, once he was sure the company was in danger. Its just that one wrong decision leads to another and leads into a series of unfortunate events, can happend with any one, any company. 
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Written by maya

January 9, 2009 at 2:17 pm

7 Responses

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  1. Yes i agree with you, he has guts to tell the truth.”Behind very fortune there is a crime”.They are many industrialist whose loans were written off by the govt and got many favours like import/export exemptions to name a few and there are now leaders in there respective fields.With your permission i would like to add u in my blog roll

    Varunavi

    January 10, 2009 at 9:59 pm

  2. Agree with you, but in India. You are not Chor as long as you don’t get caught. He just caught.

    Chirag

    January 12, 2009 at 11:49 am

  3. @ varunavi. i certainly agree with you and thanks for adding me to ur blog roll, will reciprocate the same.@chirag. Atleast raju is a honest chor that is why there are many who share my sentiments. an article on expressindia.com tells about he same http://www.expressindia.com/latest-news/Raju-let-down-everyone-but-he-is-not-a-criminal/409418/

    Maya

    January 12, 2009 at 12:32 pm

  4. I think a thief is always a thief whether s/he has stolen one Rupee or one million rupees, whether it is done in a broad day light or at night.By the nice blog and honest writing.

    Discussion Corner

    January 12, 2009 at 9:49 pm

  5. @Discussion corner. i dont think we can categorise raju as a thief. its more like you have to go some where and u lost your wallet. Now you dont have any option but to board a train without ticket and take the risk. Thou u havent intended to cheat the railways but now u dont have any option so u take the risk and board, thats what happnd with raju he boarded the train and he got caught. atleast he didnt make any bahana with the ticket checker and agreed about his wrong doings

    Maya

    January 13, 2009 at 11:04 am

  6. This has nothing to do with luck. Most IT companies at least the top ones are honest. Now all of them will suffer because of this guys bad deeds.

    L. Venkata Subramaniam

    January 13, 2009 at 6:11 pm

  7. Lets forget about the honesty problem, the major takeaway from all this is his vision. He tried to run a company with a lot of profits and no loss, an ideal performing machine:) :DP.S: I belong to the same company 😀 😀

    Tarun Goel

    March 4, 2009 at 7:22 pm


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