Satyam Stocks take a Dive

The worst hit after ‘The Satyam scandal’ exposure is the investors. Indian newspapers have reported that their stock index has fallen again, to the lowest in this month. Wipro, another Indian IT giant, has also lost 9.4% in the last 3 months.

One good move by India government is to allow a new board of directors to take over the company. What damage the corporate fraud has done, can be marginally saved when the new set of leaders taking over the company.


The board needs to immediately take actions that will safeguard jobs of over 50,000 Satyam employees, placed worldwide. It is in the hands of the three technocrats from technology, finance and law sectors, who have taken over as the new Satyam leaders, to probe and provide a fitting solution to this unsettling issue.


Satyam leaders have clearly misused their power and have deviated from the so-called ethical values they patronized so long. While investments have certainly plunged, it goes beyond doubt that the average life pattern of every Satyam employee has changed overnight.

~~~