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- Ethics and Indian services firms
- Ethics and Indian services firmsWhy arent we looking at the flip side?Hi,Although I agree with you that this could be a systemic problem with the Indian software industry, why is no one considering the possibility that the World Bank could have an extremely corrupt organization. WB has, over the years,...
- Tags: Business ethics, Free trade, Indian services firm, ethics, services firm, Wipro Technologies, World Bank
- Discussion threads 2009-01-14
Additional Resources
- Dell and Perot: What this means
- Look at more than the upside to any acquisition Dell and Perot are getting married. This acquisition puts approximately 23,000 Perot services employees in with Dell. (see Larry Dignan's detailed post on the transaction ) (here's an InfoWorld post, too) From the macro view,...
- Tags: Acquisition, Dell Computer Corp., Perot, Mergers & Acquisitions, Corporate Law, Investment, Finance, Business Operations, Brian Sommer
- Blog posts 2009-09-21
- Rich Media Platform Delivers Powerful Results for Fans of New Cricket League
- Headquartered in Dubai, netlinkblue is the media technology and services firm that won the online broadcasting rights to the Indian Premier League IPL cricket season. The company wanted to pursue an advertiser-supported model and needed to attract the largest possible audience of cricket fans from around the world. netlinkblue used...
- Tags: Season, Microsoft Corp., Rich Media, Rich Media Platform, Web Browsers, Internet
- Case studies 2009-07-01
- PwC: rotten to the core or just plain stupid?
- I hope that my good friend Vinnie Mirchandani doesn't take offense to the title of this post. PwC is his alma mater in a past life. However, events at Satyam in India, which have not received the attention they deserve in the US, have taken a decidedly weird or comic...
- Tags: PricewaterhouseCoopers Consulting, Satyam, Francine McKenna, Financial Accounting, Outsourcing, Finance, It Operations, Business Operations, Outsourcing & Subcontracting, Dennis Howlett
- Blog posts 2009-06-30
- Accounting for success? Darwin meets the green eyeshade world…
- Have you really looked at your options for finance & accounting lately? BPO business process outsourcing for Finance and Accounting has been going on for a time. The industry owes some part of its success to the shared services efforts of larger firms. When businesses created shared...
- Tags: Software, Accounting, Firm, Darwin, F&A, F&A Executive, Operational Accounting, Financial Services, Finance, Brian Sommer
- Blog posts 2009-06-04
- Report: Fraud and deception at Satyam was deep
- The fraud and deception at Satyam Computer Services in India was so in-depth that it included dual accounting books, thousands of forged invoices, thousands of unnecessary employees and dozens of fake bank statements, according to court records analyzed by the New York Times. ...
- Tags: Satyam, Deception, Fraud, Outsourcing, Financial Services, Litigation, Balance Sheets, Financial Accounting, It Operations, Business Operations, Outsourcing & Subcontracting, Financial Statements, Finance, Sam Diaz
- Blog posts 2009-04-22
- Satyam sold: Tech Mahindra highest bidder
- Satyam Computer Services, which had been rattled by accounting fraud, has been sold to a unit controlled by Tech Mahindra, an Indian outsourcing firm. Satyam had put itself up for auction a few weeks ago. The company installed new management following at $1 billion accounting fraud. Venturebay...
- Tags: Satyam, Operational Accounting, Financial Services, Finance, Larry Dignan
- Blog posts 2009-04-13
- Confusion and controversy continue at Satyam
- Satyam, the Indian outsourcing company at the center of a massive fraud investigation continues to be mired in confusion and controversy. Earlier in the week, the company's former CFO appeared to give two PricewaterhouseCoopers audit partners a pass, saying: ...that auditors S Gopalakrishnan and Talluri Srinivas...
- Tags: PricewaterhouseCoopers Consulting, Satyam, Litigation, Financial Accounting, Outsourcing, Business Operations, Finance, It Operations, Outsourcing & Subcontracting, Dennis Howlett
- Blog posts 2009-04-08
- Wanted: Bidders for 51 percent stake in Satyam
- Interested in a 51 percent stake in Satyam Computer Services? Here's your big chance. The company said on Monday that it will begin screening interested bids for a 51 percent stake in the company until March 12 statement. The offshore outsourcing firm has been...
- Tags: Satyam, Outsourcing, Litigation, Financial Accounting, It Operations, Business Operations, Outsourcing & Subcontracting, Finance, Larry Dignan
- Blog posts 2009-03-09
- A shrinking Satyam
- The stakes are growing as uncertainty continues Satyam is another services firm with some retention issues: employees and clients. Let’s start with the client erosion issue first. Satyam apparently had around $2 billion/year in revenues. Of course, that number may change due to the...
- Tags: Economic Times, Satyam, Financial Planning, Insurance, Operational Accounting, Investment, Financial Services, Finance, Business Operations, Corporate Insurance, Brian Sommer
- Blog posts 2009-02-22
- Satyam: resignations, appointments and YouTube videos
- When we last reported on the $1 billion fraud scandal at Satyam Computer Services in India, brothers Ramaling and Rama Raju, former chairman and former managing director and CEO, respectively, had been arrested and the full board of directors had been let go. Today, that new...
- Tags: Board, Satyam, YouTube Video, YouTube Inc., Video, Corporate Governance, Business Operations, Corporate Law, Sam Diaz
- Blog posts 2009-01-27
- Satyam â€" Can anything be trusted in Raju’s resignation letter?
- Why he couldn’t have acted alone According to the Financial Times, former Satyam chairman Raju may have been quite busy in the deception he orchestrated. In this article, we learn that: The former chairman of Satyam Computer Services inflated the size...
- Tags: Employee, Satyam, Prosecutor, Litigation, Government, Financial Services, Operational Accounting, Payroll Solutions, Workforce Management, Business Operations, Finance, Human Resources, Brian Sommer
- Blog posts 2009-01-25
- Ethics and Indian services firms
- What was going on at the World Bank? Check out this piece in the Guardian. It details how the World Bank has barred Indian services firm Wipro for four years starting in 2007. This is a result of an offer to sell 'friends and family' shares of...
- Tags: Service Provider, Ethics, World Bank, Free Trade, Business Services, Finance, Brian Sommer
- Blog posts 2009-01-14
- The Satyam saga worsens â€" terribly so
- The Enron of India (Probably!) The news today re: Satyam is really bad. It makes the events of last month pale in comparison. To begin, you should read Satyam Chairman Raju’s letter of resignation where he accounts for the accounting sleight of hand he says that...
- Tags: Satyam, Andersen, Asset Management, Balance Sheets, Operational Accounting, Financial Services, Operational Planning, Business Operations, Financial Statements, Financial Accounting, Finance, Brian Sommer
- Blog posts 2009-01-07
- Satyam fallout: Should customers stick? Full text of chairman's stunning letter
- Indian outsourcing company Satyam has cooked books, a $1 billion cash sink hole and its chairman and founder B Ramalinga Raju has fabricated figures. Meanwhile, Merrill Lynch has bailed on being an adviser to the company and shares of the firm were down 90 percent or so in premarket trading...
- Tags: Board, Satyam, Maytas, Task Force, Corporate Governance, Business Operations, Corporate Law, Larry Dignan
- Blog posts 2009-01-07
- Service firms to struggle in 2009
- Big and Small, Local or International - Operational Excellence a Global Mandate The big news this weekend was that U.S. manufacturing had plunged in December to the lowest level since 1980 and that new factory orders fell to a 60 year low. The outlook outside the U.S....
- Tags: India, Service Firm, Benefits, Operational Accounting, Human Resources, Finance, Brian Sommer
- Blog posts 2009-01-05
- Satyam â€" Time for a real (early) Spring Cleaning
- A Holiday Gift for Litigators? Could this be the story of the year for 2009? The news about Satyam in the last few days has been disconcerting, to say the least, and it has thrown a cloud of doubt on the Indian services...
- Tags: Satyam, Upaid, SarbOx, Corporate Governance, Business Process Outsourcing (BPO), Real Estate, Investment, Outsourcing, Business Operations, Corporate Law, It Operations, Finance, Outsourcing & Subcontracting, Brian Sommer
- Blog posts 2008-12-19
- The services game: Will you trust a tech company to solve your business problems?
- In the newly launched battle between HP and IBM for your services business--and all the consultants and profit margins that go with it--Big Blue is trying to position itself on higher ground. IBM's argument is that it can solve business problems and transform your company. As for HP, IBM wants...
- Tags: Game, Business Process, Hewlett-Packard Co., IBM Corp., Operational Planning, Strategy, Business Operations, Management, Larry Dignan
- Blog posts 2008-09-22
- Inside India's CAPTCHA solving economy
- No CAPTCHA can survive a human that's receiving financial incentives for solving it, and with an army of low-waged human CAPTCHA solvers officially in the business of "data processing" while earning a mere $2 for solving a thousand CAPTCHA's, I'm already starting to see evidence of consolidation between India's major...
- Tags: CAPTCHA, Dancho Danchev
- Blog posts 2008-08-29
- Maintaining a 25% profit margin in this crazy world of globalization
- I wanted to share some interesting discussion earlier last year between BusinessWeek's Steve Hamm and Tata Consultancy Services' TCS CFO S. Mahalingham, which reveals some fascinating insight into how TCS has managed to maintain profit margins at the 25% level, despite intense pressures from wage inflation, employee attrition, aggressive competition...
- Tags: Card, India, Tata Consultancy Services Ltd., Outsourcing Company, Supplier, Globalization, Profit Margin, S. Mahalingham, Outsourcing, Professional Development, Channel Management, It Operations, Business Operations, Outsourcing & Subcontracting, Career, Marketing, Phil Fersht
- Blog posts 2008-01-06
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