Yes!!! We’ve found our answer to Enron. We’ve got Satyam. In your face Americans.... Bwahahaha!!!
So, Mr. Ramalinga Raju, considered to be one of the beacons of Indian entrepreneurship has fallen prey to the victim of corporate greed. Well, this isn’t what I find so shocking. What really makes me go,” What the (profanity)???” (Profanity rhymes with duck) is the fact that no one noticed 1230 Crores not accounted for according to the books. And it’s not like there a bunch of nitwits doing the audits for Satyam. I am sure these are products of a terribly over-priced education system which taught them to add 2+2. How much did the guy pay you to brush this number under the carpet? Or did you just put this amount under miscellaneous?
Perhaps this was what the stationery cost us? All those expensive pens? What I found even more hilarious was one of the existing board of directors say, “We didn’t know this was happening. It must have started years ago. We did not notice irregularities in the books”. I agree I’m no audit specialist, and will probably never be; with skills like 6% of 6000 is 36…fat chance in hell!!!! Wait a darn minute!!! I found the answer. The guys doing the books were guys like me. EUREKA!!! With our brand of innovative mathematics, we conquer the world. No wonder. The must have thought, “Arey! Zero has no value! Let’s forget about it and round off the 1230 in the miscellaneous.”
And what about the so called educated board of directors. I am sure each and every one is from some top b-school with tons of work experience….you never noticed? Well, the fall of Satyam is imminent. Stocks plunged up to 40%. I guess we can soon start expecting the resumes to start pouring in. In all this, the valiant hero of the day, Ramalinga Raju says, “I am ready to face the persecution as per the laws of the land!” Wow, I am so touched by his honesty. Too bad it didn’t help when he was quietly using investor’s money to help Maytas Real Estate.( Maytas is Satyam in reverse....see? see???)
PS: I need to get my brain checked. I actually seem concerned about some corporate thing-a-magij....next minute I'll be blogging about what hedge funds to invest in , in a potentially recession driven market.(if there is such a thing)
So, Mr. Ramalinga Raju, considered to be one of the beacons of Indian entrepreneurship has fallen prey to the victim of corporate greed. Well, this isn’t what I find so shocking. What really makes me go,” What the (profanity)???” (Profanity rhymes with duck) is the fact that no one noticed 1230 Crores not accounted for according to the books. And it’s not like there a bunch of nitwits doing the audits for Satyam. I am sure these are products of a terribly over-priced education system which taught them to add 2+2. How much did the guy pay you to brush this number under the carpet? Or did you just put this amount under miscellaneous?
Perhaps this was what the stationery cost us? All those expensive pens? What I found even more hilarious was one of the existing board of directors say, “We didn’t know this was happening. It must have started years ago. We did not notice irregularities in the books”. I agree I’m no audit specialist, and will probably never be; with skills like 6% of 6000 is 36…fat chance in hell!!!! Wait a darn minute!!! I found the answer. The guys doing the books were guys like me. EUREKA!!! With our brand of innovative mathematics, we conquer the world. No wonder. The must have thought, “Arey! Zero has no value! Let’s forget about it and round off the 1230 in the miscellaneous.”
And what about the so called educated board of directors. I am sure each and every one is from some top b-school with tons of work experience….you never noticed? Well, the fall of Satyam is imminent. Stocks plunged up to 40%. I guess we can soon start expecting the resumes to start pouring in. In all this, the valiant hero of the day, Ramalinga Raju says, “I am ready to face the persecution as per the laws of the land!” Wow, I am so touched by his honesty. Too bad it didn’t help when he was quietly using investor’s money to help Maytas Real Estate.( Maytas is Satyam in reverse....see? see???)
PS: I need to get my brain checked. I actually seem concerned about some corporate thing-a-magij....next minute I'll be blogging about what hedge funds to invest in , in a potentially recession driven market.(if there is such a thing)
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