"It was like riding a tiger, not knowing how to get off without being eaten."
-- Satyam chairman B. Ramalinga Raju in a letter to his board of directors, as reported by CNNMoney.com. The head of India's fourth-largest software-services provider resigned Wednesday after confessing to inflating profits for years and concocting a fictitious cash balance of more than $1 billion. The company derives more than half of its revenues from the U.S. and has 185 Fortune 500 companies as clients--or so management claims. "Satyam" means "truth" in Sanskrit. As the Indian economy matures, growing pains such as this corporate malfeasance are inevitable.
Men think about power vertically -- and focus on rank and status and size. Women think about power horizontally -- it's largely about influence. I know I'm in trouble already. This is a stereotype, indeed. But in more than a decade of asking women leaders -- and the men they work with -- how they define power, I've discovered this to be an remarkably consistent truth. My favorite definition of MOREPatricia Sellers - Jul 10, 2008 10:51 AM ET
|Men's Wearhouse fires the 'I guarantee it' guy|
|Men are disappearing from the workforce|
|I will graduate with $100,000 in loans|
|U.S. oil boom helps thwart OPEC|
|Investors hold their breath for the Fed|