The capacity for ethical behavior is evidently not correlated with wealth. Too often I have observed poor taxicab drivers, upon being given a generous tip, attempt to return the excess amounts pointing out that perhaps I made a counting error. So it is no surprise to me to come across instances of extremely wealthy people behaving unethically and immorally merely to gain a little (relatively speaking) more wealth.
The evolving story about Satyam and its chairman Mr Ramalinga Raju is more interesting from a human interest point of view than merely from its commercial implications. Lots of very earnest analysis already occupies the minds of an army of commentators, editorial writers, bloggers and talking heads. Much of it is shock that Raju was so bold as to believe that he could get away with it. There is some puzzlement on why the auditors did not catch such a blatant cooking of books.
Continue reading “The Truth About Satyam”