Vishal Sikka, in a letter to the board members, said “..false, baseless, malicious and increasingly personal attacks” have been made over the last many quarters and these allegations have been repeatedly proven false by multiple independent investigations. “But despite this, the attacks continue, and worse still, amplified by the very people from whom we all expected the most steadfast support in this great transformation. “
Most people seem to ignore that Narayana Murthy wears 2 hats. The prominent one that’s top of the mind is as the founder, while the subtle one is that of an activist shareholder with 3.5% shareholding (his family) and part of the promoters shareholding at 12%. It should also be known that it was Narayana Murthy and K.V. Kamath (ex Infosys board member) who had hired Vishal Sikka with great confidence when the company was floundering during his second innings.
Vishal Sikka took charge perhaps ignoring the import of Murthy’s oft-repeated line “Infosys is my middle child”. He perhaps didn’t expect that Murthy will literally mean it and attempt to do backseat driving overseeing executive actions. He is entitled to monitor Board performance given his shareholding and his cult status. However, he seemed unhappy with VS strategic direction with acquisitions and his getting few executives from his ex-employer.
Somewhere he thought that Vishal Sikka was changing some of Infosys core values when Vishal Sikka raised employee salaries, increased the COO salary along with his own salary by 55%, and made the dress code informal. He did a lot to engage employees differently. Perhaps there must have been considerable heartburn in Murthy and the issues of Ravi Bansal’s severance package, missing the revenue target by $ 5 billion all came in handy to train his guns on Vishal Sikka.
The shares also fell by as much as 8% soon after the CEO resigned. We all are Curious and disappointed at the same time. We want to look at the situation from both Vishal Sikka and Narayana Murthy’s perspective. It’d be best not to judge either of them as both have contributed significantly during their tenures.
Imagine how it’d be, to work at a position, where you’d be required to bother less about the operations and strategies of the company and more about the questions being raised by the promoters/founders. Promoters must act in the interest of the organization and exercise their right to question the acts of the board, but when should they turn into activists has not been specified under any law. To what extent should the interference (even if by the founders) be allowed, especially when it’s deteriorating not only the image of the board but also that of the company.
Having said that, I’d like to point out that the questions raised by Narayana Murthy are not only thought-provoking but also remain unanswered by the intended folk at Infosys. The ones that compelled me to speculate were:
These questions definitely point out that something was up with Infosys, but no outsider can say with certainty as to what really happened. But, to the best of our knowledge, these statements by Narayana Murthy look like mere questions, not speculations. He didn’t conceptualize a theory. He demanded an explanation.
He was the founder of Infosys, he saw it rise even at the times of break-through changes in the business environment. He is being criticized for intruding in a company that he founded and raised. What he’s doing is asking questions, which can be answered easily by the board, if there’s nothing to hide.
Some experts claim that Indian Business Houses are not yet mature enough. We still have not understood the separation of business entity from its owner or the family name. I agree, Narayana Murthy doesn’t want to let go of Infosys or perhaps doesn’t want it to forget the values of integrity and equity, no matter how far it goes. Even though not turning out to be so, I find his actions intended in the best interest of Infosys, his third child.
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Carey – Owen about injury of varese, said it happened out how knight players want to play games.”I was about to enter a 5 on 5 game, but after three seconds, varese is injured
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Obviously, the right to occupy a team-high 21.6 shots of Michael Owen, but failed to hit as James scores, this let a person feel, Owen has become a “cancer” of the knight.But many fans also feel,
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NBA players in addition to playing badly, and also an art cells, for two consecutive years in the NBA finals two teams join forces with the warriors and knight, but only two dancers, two teams played neck and neck, dancing is close, take a look at
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Obviously, the right to occupy a team-high 21.6 shots of Michael Owen, but failed to hit as James scores, this let a person feel, Owen has become a “cancer” of the knight.But many fans also feel,
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Recently, the Fansided to knight main rotation player in the first two rounds of the playoffs, the performance of the Owen only C +, love there is only a B.
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NBA players in addition to playing badly, and also an art cells, for two consecutive years in the NBA finals two teams join forces with the warriors and knight, but only two dancers, two teams played neck and neck, dancing is close, take a look at
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Because Michael Owen at the side of huang zhan, so his nickname called small report.The earliest Owen left the impression of the world, is probably the flashy passing movements and dazzling breakthroughs, remember in the rookie challenge, he drew down two slipped past knight
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Owen said: “Cleveland need game.”Indeed, they rested for too long.In green, and the wizards to after the tiebreak, the beginning of the knight’s eastern conference finals first time has pushed the next Wednesday.
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Layup is a very basic basketball skills maybe everyone layup but there is a way of layup is not everyone that is wrong step layup.
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Carey – Owen about injury of varese, said it happened out how knight players want to play games.”I was about to enter a 5 on 5 game, but after three seconds, varese is injured
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Recently, the Fansided to knight main rotation player in the first two rounds of the playoffs, the performance of the Owen only C +, love there is only a B.
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Because Michael Owen at the side of huang zhan, so his nickname called small report.The earliest Owen left the impression of the world, is probably the flashy passing movements and dazzling breakthroughs, remember in the rookie challenge, he drew down two slipped past knight
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Recently, the Fansided to knight main rotation player in the first two rounds of the playoffs, the performance of the Owen only C +, love there is only a B.
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“I don’t think eastern conference finals will be a long war, knight’s strength is too strong. The celtics nobody with lebron, they even Owen this level of star all have no, they are really no one can stop the knight.
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The noises and stressful the playoffs.”We are eager to match.”Owen said.Knight should first game will be on Thursday in east, and before them
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Recently, the Fansided to knight main rotation player in the first two rounds of the playoffs, the performance of the Owen only C +, love there is only a B.
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Because Michael Owen at the side of huang zhan, so his nickname called small report.The earliest Owen left the impression of the world, is probably the flashy passing movements and dazzling breakthroughs, remember in the rookie challenge, he drew down two slipped past knight
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Yesterday, the wall on the right side 45 live a miserable life in the three points must win.The shooting location is Owen puts up the location of the many times.Today was asked Owen saw wall dead there is what feeling
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Draft of the same year on the bottom rookie will be what?In general the draft should be able to blow the other party, who would have thought them took Owen on the 60th pick small Thomas in the same year, he turned out to be in the position of the challenger?
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The noises and stressful the playoffs.”We are eager to match.”Owen said.Knight should first game will be on Thursday in east, and before them
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Owen said: “Cleveland need game.”Indeed, they rested for too long.In green, and the wizards to after the tiebreak, the beginning of the knight’s eastern conference finals first time has pushed the next Wednesday.
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“I don’t think eastern conference finals will be a long war, knight’s strength is too strong. The celtics nobody with lebron, they even Owen this level of star all have no, they are really no one can stop the knight.
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NBA players in addition to playing badly, and also an art cells, for two consecutive years in the NBA finals two teams join forces with the warriors and knight, but only two dancers, two teams played neck and neck, dancing is close, take a look at
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Draft of the same year on the bottom rookie will be what?In general the draft should be able to blow the other party, who would have thought them took Owen on the 60th pick small Thomas in the same year, he turned out to be in the position of the challenger?
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With three points to beat John wall, the day before yesterday the wizards will competition into the tiebreak wars, 8:00 tomorrow the wizards will be tie-break at Celtic and rival.
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Carey – Owen about injury of varese, said it happened out how knight players want to play games.”I was about to enter a 5 on 5 game, but after three seconds, varese is injured
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According to The Fear of The Sword, The knight’s point guard deron Williams is a fan of MMA (mixed), compared to The basketball game, deron prefer to watch The ultimate fighting championship.Deron Williams recently said in an interview, he retired from the NBA
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With three points to beat John wall, the day before yesterday the wizards will competition into the tiebreak wars, 8:00 tomorrow the wizards will be tie-break at Celtic and rival.
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Draft of the same year on the bottom rookie will be what?In general the draft should be able to blow the other party, who would have thought them took Owen on the 60th pick small Thomas in the same year, he turned out to be in the position of the challenger?
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Knight finally written pledge to fulfill a military order!Owen Jefferson suspected the contradiction, huang zhan anger: don’t win playoff team and the team retired showdown between the more and more intense, will the rockets in just eliminated the spurs tomorrow will come and warriors in the first fight
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For Jordan and gregg popovich comments James never hit back, but just yesterday in the knight’s basketball stadium set aside a James training video, far look like illusions emerged both Owen, a carefully look just know is James
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Recently, the Fansided to knight main rotation player in the first two rounds of the playoffs, the performance of the Owen only C +, love there is only a B.
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The NBA playoffs now for today, have determined the warriors in the western conference and will compete for a spot in the finals quota, knight still don’t know who his opponent was.However, even in the face of the celtics or the wizards, presumably knight will be
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Obviously, the right to occupy a team-high 21.6 shots of Michael Owen, but failed to hit as James scores, this let a person feel, Owen has become a “cancer” of the knight.But many fans also feel,
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For Jordan and gregg popovich comments James never hit back, but just yesterday in the knight’s basketball stadium set aside a James training video, far look like illusions emerged both Owen, a carefully look just know is James
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Recently, the Fansided to knight main rotation player in the first two rounds of the playoffs, the performance of the Owen only C +, love there is only a B.
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“I don’t think eastern conference finals will be a long war, knight’s strength is too strong. The celtics nobody with lebron, they even Owen this level of star all have no, they are really no one can stop the knight.
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For Jordan and gregg popovich comments James never hit back, but just yesterday in the knight’s basketball stadium set aside a James training video, far look like illusions emerged both Owen, a carefully look just know is James
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I just updated my site with a new list. I hope you all are having a great week.
I added a new list. As you’ll see it’s bigger than most of them. I hope you all have had a great week!
I’ve been having issues with my Windows hosting. It has set me back quite a bit while making the next list. This is the current list that I have. I should add another list in less than a week. I’ll let you all know when the next list is ready. Thank you for your patience.
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