Postcards

How the power players do it - by Fortune senior editor at large Patricia Sellers

Power Point: Escape the tiger

January 7, 2009: 6:17 PM ET

"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.

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