Media guys were speaking about bailing out satyam. I think this is criminal waste for the economy. Why people should be empathetic towards software employees who till date have minted money like anything. Let me be clear. I’ve no jealousness towards software guys, but I don’t like bailing them, because all their families would suffer, all blah blah which doesn’t make any sense at this point of time.

Satyam – A look

Honestly speaking no one knows what is there is in satyam other than Mr.Raju. Don’t get foolish by so called board members who are nothing but bunch of brilliant people who can’t do anything other than creating confidence with general public.

Bailing out Satyam – Worst Option

Imagine giving salary to 50k employees which has combined strength of TATA MOTORS & TATA STEEL, but with fewer assets than these two companies. Satyam assets are only its employees which don’t make any biz sense to its suitors. Ofcourse I do give respect to intellectual capital, but in biz these 50k strength is of no use.

Let’s assume 20K average monthly salary (its most conservative’s of conservative estimate) for an employee. Just imagine how much has to be shed out for its 50k employees. It would be more than 100cr pm which comes to whopping 1200crs per annum. Candidly speaking Satyam doesn’t have cash in its ac to offer salary to its employees.

Why tax payers money should be given to these employees who’re nothing but an ordinary like you and me. Everyone knows that today’s scenario is a risky one and it’s a matter of time for the tide to turn against us. I think that Satyam employees should realize and act accordingly.

People have to act in a mature manner and realize that its sheer waste of time and money, that would get involved in the process than actually do anything good for Satyam. Its better than its late to accept this and try for something betterment of the society than wasting money to bailout bunch of boys and girls who’d minted money in the past.

Let them face it. This is Dog eat Dog world my friends.

NOTE: Instances of poor corporate governance continue to haunt Indian capital market. A couple of brokerages have turned whistle-blower against the India-listed arm of German engineering and technology major Siemens. Incidentally, HDFC-chairman Deepak Parekh, who has been deputed to steer the tainted software giant Satyam out of current crisis, is the chairman of Siemens India.