THE TECH PHOENIX - Manoharan, T. N.; Ram, V. Pattabhi
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'This book is a must-read for all those interested in corporate governance, whether practitioners, academics, students or policymakers.' -Kiran Karnik On the morning of 7 January 2009, India and the global IT community watched in horror as a letter written by the chairman of Satyam Computers, B. Ramalinga Raju, flashed on all news channels. The tech czar confessed to fixing the books for years together, audits notwithstanding. This led to a host of consequences-Satyam stock prices crashed, its large employee base was deeply affected, and most importantly, India's reputation as a premier IT…mehr

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Produktbeschreibung
'This book is a must-read for all those interested in corporate governance, whether practitioners, academics, students or policymakers.' -Kiran Karnik On the morning of 7 January 2009, India and the global IT community watched in horror as a letter written by the chairman of Satyam Computers, B. Ramalinga Raju, flashed on all news channels. The tech czar confessed to fixing the books for years together, audits notwithstanding. This led to a host of consequences-Satyam stock prices crashed, its large employee base was deeply affected, and most importantly, India's reputation as a premier IT service provider was sullied. However, the story does not end there. In fact, The Tech Phoenix: Satyam's 100-Day Turnaround only begins at this point. The government swiftly stepped in and nominated a board, with leading figures from various fields. T.N. Manoharan, one of these board members, narrates the events of the tumultuous 100 days immediately following Raju's letter, in what is the fastest turnaround in corporate history. This remarkable corporate rescue operation is an engrossing story that culminates in the selection of an investor who infuses capital and takes control. It offers an insider's account of the detailed planning and dedication that resurrected a fallen but storied company, and the lessons learnt in the process of protecting the interests of the stakeholders-employees, investors and customers-and redeeming India's global image.
Autorenporträt
T.N. Manoharan is a member of the RBI's Standing External Advisory Committee, which evaluates applications for universal and small finance banks. He currently serves as chairman of IDBI Bank and sits on the boards of Mahindra & Mahindra, Tech Mahindra, and the National Bank for Financing Infrastructure and Development. A chartered accountant with 39 years of experience and a law graduate, Manoharan was part of the government-nominated board for the revival of Satyam Computer Services Limited. He has also served as chairman of the Committee on Accounting Standards and Taxation of the Confederation of Indian Industry (2009-2011) and as president of the Institute of Chartered Accountants of India (2006-2007). He has authored several books on taxation for professionals and students. Among his numerous accolades, he received the CNN-IBN "Indian of the Year" award in 2009 from the Prime Minister of India and was honored with the Padma Shri on April 7, 2010. V. Pattabhi Ram is an author, public speaker, teacher, and chartered accountant. An alumnus of St. Joseph's College, Tiruchi, he interned at Deloitte and has taught over 75,000 CA students. A regular speaker at professional seminars, his works include: * Ticking Times: An Accountant and a Gentleman, a novel set against the backdrop of the audit profession * A Few Good Men and Nightingales: How Eleven Women Overcame Obstacles on the Road of Life, both biographical sketches * Building a Legacy, a biography of A. Ramakrishna, former deputy managing director of L&T, released by the Vice President of India His textbook, First Lessons in Strategic Financial Management, co-authored with S.D. Bala, remains a popular resource among CA students.