Is Vivek Paul The Next CEO Of Satyam
(3 votes, average: 4.33 out of 5)
Loading ...The Board is still to finalise who would handle the mantle of the CEO of Satyam. Rumors are rife that Vivek Paul is all set to don the post of the CEO for Satyam and help the company get out of the mess, it’s founder Ramalinga Raju put it through.
Vivek Paul has an impressive profile and surely seems the right man for the job. P.
Vivek Paul began his career working Bain & Company and PepsiCo. In 1990 Paul joined General Electric where he spent 10 years. During his tenure, he ran GE’s Global Computerized Tomography business, reporting directly to the current Chairman of GE. Paul also served as the CEO of GE’s medical equipment joint venture in India, known as IGE, recognized by the Economist as the best joint venture in Asia.
Paul was Vice Chairman of Wipro and CEO of its global information technology, product engineering, and business process services segments. Paul grew this business from under $150m in revenue to over $1.4b with 50,000 employees, and led its listing on the New York Stock Exchange. With such wide experience in the IT field, Satyam investors must be praying that Vivek will hold the reigns of Satyam and get it back on track post the Satyam scam.
Vivek Paul had quit TPG and that triggered rumors of his joining as CEO of Satyam. Some analysts was skeptical about Satyam being his next destination.
“Vivek Paul has quit. However, I don’t think his exit from TPG is linked to Satyam,” a person close to Paul, who asked not to be named, said.
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This site is very educating regrdng the scam. Could you please provide us the root cause of the scam.
Hi manoj,
As confessed by Mr. Raju, the scam had its root cause to have the shareholders believe that Satyaam was doing very well. By showing fake profits, Mr. Raju got in more people to invest in Satyam. He thought the scam would be covered up after getting more bigger projects. But as fate would have it, the scam got busted.
Dear all, Why pound upon Raju….He has surrendered…
Why Media is all set to tarnish the Brand Name….
NDTV and ET all are manufacturing news and they are all the best cookers of news and Raju is only 1% of NDTV and ET cooks
Manmohan singh is a laughing stock when he said, satyam is a blot for India, where under his arm he has Spectrum Scandal where India lost 60000 Crores of money and DMK corruped Chief minister cooly tells it is closed chapter.
Why NDTV is not running chat shows for that…Why target Satyam, because Raju is not a Goon….like Lallu and Karunanidhi…
If NDTV talks about DMK, next day, barkha dutts, rajdeep sardesais,shivnath will be murdered like dogs in the street……
Hello spectrum,
you seem to be a hireling of Raju … you talk of laloo, dmk and such … why not YSR ??? coz YSR benefited from your chacha raju … you urself are a hypocrite …
u think MMS is laughing stock if he says raju is a blot on india … that means u think otherwise … i think u are a blot on humanity and human intelligence
latest heard that raju even inflated the number of employees of satyam and pocketed the salary of the excess number in his own benami accounts … it is anybody guess how much more money he might have gobbled up in this way … just work out the calculations … if he inflated 3000 employees (just about 6 % of the stated number) and he gave a minimum salary of 30 K per month to those non-existent ones … it works out to 72 crores per year … for seven years this money wud be 756 crores … and this money is without any need for showing any papers … nobody wud even notice.
also consider one more thing … who were given all the building contracts for satyam computers .. my guess is some maytas concern or one of raju’s personal companies with difficult-to-check antecedents … also it should be investigated at what rates were these contracts awarded … i wouldn’t be surprised if these were significantly higher than market rates …
we should also investigate the rates satyam paid for the land of these offices and from whom it purchased the land … again i wouldn’t be surprised if the land was purchased from raju’s ownings …
so ultimately raju got rich by looting all the hard work done by the other honest employees of satyam … such a dirty creature … is fit to be paraded naked on the streets …
this raju has set back the development of hyderabad by at least 2-3 years … we all eagerly awaited the metro rail in hyderabad … we thought maytas was a very good model of metro rail … wud give us a excellent metro rail as well as some money to the govt … little did we know that they planned for selling the land they held at the altered metro routes and earn filthy profits … then they will throw some loose change at the govt …
regarding the metro railway … well they never were into metro rail in the first place … that they wud subcontract to a lowest bidder and concentrate on their own land …
such croooks this raju and family is … ultimately they have hurt their own mother city … what did they gain from all this ??? why they wanted to amass so much money ??? and that too by stymieing the city that had given them so much …
the people of hyderabad wud never forgive this rascal raju
This isvthe bad sitution.
dear all
vivek paul is being viewed as another messiah who may/may not come to restore its position. considerably, it is every ones hope that he should come to ward off its situations.
ultimately …… the sufferer is the employees who hang themselves around for the companies reputation.
hiii this is megha solanki…
i want to know the root cause of this scam… why blame only Mr Raju for this there are many people involved in this entire scam ..wht abt them. i mean against those people. The auditors who use to take care abt the audits.. i fail to understand Mr. Raju who himself is the founder of Satyam how can he do soemthing like this…
hii this is anuj sachdeva….
well there is no root cause of satyam scam bcoz dere are so many people involved in this.reason could be greed and money.govt, raju, auditors and odr few top notch employees all r corrupt.so nothing going to come out properly ds is india laws are not that strict.this company has come out but there might be hundred of companies which can be or perhaps the ” king of frauds “.
I think Vivek Paul will take utmost care atleast at initial stage and what afterword let’s see