There is no dearth of amount of material written on what had happened on 07/01/09 in Indain corporate industry & Indain share market .Fourth largest IT company of India Satyam computers added one more feather to it's cap, from it's head quarters in Hyderabad unreveals the largest coporate scam of indian corporate history. Company's M.D Mr Ramalingam Raju in one of his letter to board accepts the fact that to attract more investments balance sheets of company were been forged for almost a decade & now the gap b/w real & paper assests of company are beyond any repairable limt & now boom!!!!!!!!! a whooping scam of 8000 crore is laid infront of investors & employees as a new year gift.(?)
What happened afterwards ?, what enlighted(?) TV channel's reporter, experts, politicians, officers etc said ? , what disaster management steps were taken ? Thats all another story. I shall not waste mine or ur's precious time in lamneting it again, but what's pinching me since last wednesday is that 'Is there is n't any value of some social moral responsiblity of those people who claim to be in top of our society pyramid ? Could the desire to earn more money by hook or by crook is so high that it set backs all other priviliges, power , talent or self respect that one can posses ? there are n't many people in this country who r on the board of INDIAN SCHOOL OF BUSINESS (ISB) , who receives golden peacock award , who have 188 fortune 500 companies in their client list, who own foruth largest IT company, who have 53k peoples trust on their shoulder & who have power to handle money of lakhs of people, but Mr Raju posses all that & was all that. They say 'power corrupts & absolute power corrupts absolutely', thats what happened with Mr Raju. His act is now a paradox to the very name of the organisation. SATYAM now no more holds the SATYA(truth).
Now one question is still in my mind , as a 22 years old fresher who is going to join corporate world in 6 months , who is going to enter his new phase of life, i want to know what is the value of moral & social ehtics in corporate world when a fraud is revealed at such a level ?, are all these terms are meant only for books & libraries ?, don't they have any practical implications ?, what a student (as they say who is the future of nation) should learn from it ? Please answer this question.