Read the below letter second, after you read the previous post. Then, come to your conclusion that..... Raju is trying to cover his ass now, as he is rapidly losing credibility.
Dear Associates,
I am writing to inform you of what has developed since my note of December 18th and to outline plans to restore our stakeholders’ faith in Satyam.
The events of the past two weeks have raised many questions, but these can be distilled into two basic issues: the viability of our business strategy to diversify; and the effectiveness of our corporate governance.
Re: business strategy, you should understand that Satyam is completely committed to the IT services and BPO business, as we have been since our inception. While the idea that we could diversify into an unrelated business was rejected by our investors, it was formed with the belief that doing so would not imperil our leadership in our core business or lessen our commitment to it, and that all stakeholders would benefit. Satyam did not – and does not now – intend to retreat from IT and BPO services in any way, and going forward, Satyam will focus exclusively on these markets.
Re: corporate governance, the board arrived at its decision to bid for Maytas by following all required processes and procedures, and while there was a spirited discussion among members, their vote to approve the motion was unanimous. Further, Satyam has won numerous awards for excellence in corporate governance, including the Golden Peacock Global Award for Excellence in Corporate Governance on two separate occasions, most recently in 2008.
Over the past two weeks, we have been communicating these facts to our customers, and I’m very pleased to report that customers continue to show a high level of trust in Satyam.
We have also been in contact with many of our investors, and we have taken key steps to regain their confidence. These include strengthening the board by changing its size and composition, and engaging DSP Merrill Lynch to provide strategic advice and options. The board will meet on January 10, 2009 to consider these options and to chart a course of action that would boost stakeholders’ confidence further.
Please be assured that the board and the leadership team are doing everything possible to get Satyam back on track. We cannot do this without your help, however. I ask for your continued faith in Satyam and for your steadfast focus on your customers, especially in the face of wild speculation and unchecked rumor. There is simply no more effective way to strengthen the company and to secure its future – and yours – than by delighting your customers.
Thank you very much for your commitment and support. Once again, I wish you the very best for 2009.
With warm regards,
Raju
Tuesday, December 30, 2008
Read it and weep
Not good for business
India Diary
By COOMI KAPOOR
That the Raju family, owning only 9% of Satyam Computer Services, is able to control it fully, underlines the malaise in the Indian private sector.
THE blow to Corporate India could not have come at a worse time. Still reeling from the impact of the growing global financial meltdown, the greed of the managers of Satyam Computer Services, the country’s fourth largest information technology company, has yet again brought into sharp focus issues of corporate ethics and governance.
In a move reminiscent of the pre-economic liberalisation years, Satyam managers sought to palm off two troubled family-owned real-estate firms to the cash-rich IT giant, plunging Satyam’s share price to a five-year low.
The idea of a leading IT company, which generates more than 60% of its income from the US alone, paying nearly Rs8bil (RM570mil) to acquire two companies owned by the sons of Satyam founder-chairman B. Ramalinga Raju, didn’t sit well with its foreign investors, causing panic at the bourses.
Satyam ADRs (American Depository Receipts) plunged 55% on hearing that the company was shelling out US$1.6bil (RM5.5bil) to acquire a controlling stake in the Rajus family-owned real estate companies. The Indian share markets too gave a huge thumbs-down to the decision, with the Satyam stock plunging by over 50% in the days following the controversy.
Jolted by the adverse market reaction and criticism, Satyam’s management aborted the plan to enrich itself at the cost of the shareholders. That it held only a 9% stake in Satyam and yet controlled it fully, underlined the old malaise in the Indian private sector – managers putting in a fraction of their own money but controlling asset-rich companies.
In the socialist era, it was common for unscrupulous promoters to bleed a company dry, strip down its assets and then walk away, leaving the labour-intensive unit at the mercy of the government.
Scores of textile and sugar mills were rendered sick by greedy managers. They ran huge liabilities, diverted funds to other privately-held enterprises and then looked to the government to bail them out with taxpayers’ cash.
Loans from public sector banks invariably found their way into the pockets of such managers. Laws were so weak that the banks failed to recover these loans.
The opening up of the economy is said to have put an end to the excessive profiteering and greed of owners. Liberalisation supposedly ushered in an era of shareholder democracy, professionalisation of management and transparency of corporate practices.
The rise of the professional-entrepreneurs, especially in the IT sector, was almost in tandem with the opening up of the Indian economy. Tata Computer Services, Infosys and Wipro became household names.
Satyam Computer Services was founded in 1992 by Ramalinga Raju, son of an agriculturalist with little personal knowledge of information technology. But, it was the time of the IT boom and Satyam grew from an initial 20 employees to a workforce of 50,000 spread over offices in the United States, Japan, Canada and Sweden.
Like the other IT biggies it, too, earned nearly two-thirds of its revenue from foreign clients.
In the last quarter ending September, the results of which were declared a few weeks ago, the company earned a revenue of Rs28.2bil, which was 38% more than the corresponding quarter last year. Its net profit in the last financial year was Rs5.8bil. Satyam has cash reserves of over Rs60bil.
But success bred irresponsibility. The Rajus soon branched into the far more lucrative if disorganised and corrupt real estate sector, setting up two companies, Maytas Infra and Maytas Properties.
Headed by sons Teja Raju and Rama Raju, the two companies went about aggressively acquiring land and other assets in Andhra Pradesh, where Satyam is headquartered, and elsewhere in India.
The Maytas, like other companies in the real estate sector, were severely hit by the recent global financial crisis.
Though both companies claimed that they had land and other assets worth tens of thousands of millions, no independent examination of its claims was done when the chairman of Satyam proposed that the controlling share in them be acquired by the IT giant for US$1.6bil. Universally hostile reaction forced the deal to be aborted. But the damage was done.
On Dec 24, news that the World Bank had barred Satyam for eight years from any contract caused panic selling of the scrip. At one stage, Satyam stock plunged to Rs114 before closing the day at Rs134, almost half its initial value.
The Satyam fiasco also focused on the role of the independent directors. The Satyam board, which gave the nod for the acquisition of the Rajus family-owned real estate companies, boasts of some very respectable names.
If they, too, went along with the plan to bail out family firms, criticism that independent directors are very often co-opted by management through the grant of financial and other favours cannot be easily brushed under the carpet.
India Diary
By COOMI KAPOOR
That the Raju family, owning only 9% of Satyam Computer Services, is able to control it fully, underlines the malaise in the Indian private sector.
THE blow to Corporate India could not have come at a worse time. Still reeling from the impact of the growing global financial meltdown, the greed of the managers of Satyam Computer Services, the country’s fourth largest information technology company, has yet again brought into sharp focus issues of corporate ethics and governance.
In a move reminiscent of the pre-economic liberalisation years, Satyam managers sought to palm off two troubled family-owned real-estate firms to the cash-rich IT giant, plunging Satyam’s share price to a five-year low.
The idea of a leading IT company, which generates more than 60% of its income from the US alone, paying nearly Rs8bil (RM570mil) to acquire two companies owned by the sons of Satyam founder-chairman B. Ramalinga Raju, didn’t sit well with its foreign investors, causing panic at the bourses.
Satyam ADRs (American Depository Receipts) plunged 55% on hearing that the company was shelling out US$1.6bil (RM5.5bil) to acquire a controlling stake in the Rajus family-owned real estate companies. The Indian share markets too gave a huge thumbs-down to the decision, with the Satyam stock plunging by over 50% in the days following the controversy.
Jolted by the adverse market reaction and criticism, Satyam’s management aborted the plan to enrich itself at the cost of the shareholders. That it held only a 9% stake in Satyam and yet controlled it fully, underlined the old malaise in the Indian private sector – managers putting in a fraction of their own money but controlling asset-rich companies.
In the socialist era, it was common for unscrupulous promoters to bleed a company dry, strip down its assets and then walk away, leaving the labour-intensive unit at the mercy of the government.
Scores of textile and sugar mills were rendered sick by greedy managers. They ran huge liabilities, diverted funds to other privately-held enterprises and then looked to the government to bail them out with taxpayers’ cash.
Loans from public sector banks invariably found their way into the pockets of such managers. Laws were so weak that the banks failed to recover these loans.
The opening up of the economy is said to have put an end to the excessive profiteering and greed of owners. Liberalisation supposedly ushered in an era of shareholder democracy, professionalisation of management and transparency of corporate practices.
The rise of the professional-entrepreneurs, especially in the IT sector, was almost in tandem with the opening up of the Indian economy. Tata Computer Services, Infosys and Wipro became household names.
Satyam Computer Services was founded in 1992 by Ramalinga Raju, son of an agriculturalist with little personal knowledge of information technology. But, it was the time of the IT boom and Satyam grew from an initial 20 employees to a workforce of 50,000 spread over offices in the United States, Japan, Canada and Sweden.
Like the other IT biggies it, too, earned nearly two-thirds of its revenue from foreign clients.
In the last quarter ending September, the results of which were declared a few weeks ago, the company earned a revenue of Rs28.2bil, which was 38% more than the corresponding quarter last year. Its net profit in the last financial year was Rs5.8bil. Satyam has cash reserves of over Rs60bil.
But success bred irresponsibility. The Rajus soon branched into the far more lucrative if disorganised and corrupt real estate sector, setting up two companies, Maytas Infra and Maytas Properties.
Headed by sons Teja Raju and Rama Raju, the two companies went about aggressively acquiring land and other assets in Andhra Pradesh, where Satyam is headquartered, and elsewhere in India.
The Maytas, like other companies in the real estate sector, were severely hit by the recent global financial crisis.
Though both companies claimed that they had land and other assets worth tens of thousands of millions, no independent examination of its claims was done when the chairman of Satyam proposed that the controlling share in them be acquired by the IT giant for US$1.6bil. Universally hostile reaction forced the deal to be aborted. But the damage was done.
On Dec 24, news that the World Bank had barred Satyam for eight years from any contract caused panic selling of the scrip. At one stage, Satyam stock plunged to Rs114 before closing the day at Rs134, almost half its initial value.
The Satyam fiasco also focused on the role of the independent directors. The Satyam board, which gave the nod for the acquisition of the Rajus family-owned real estate companies, boasts of some very respectable names.
If they, too, went along with the plan to bail out family firms, criticism that independent directors are very often co-opted by management through the grant of financial and other favours cannot be easily brushed under the carpet.
Sunday, December 28, 2008
Thursday, December 25, 2008
Stop it..its getting way too ridiculous
First of all, the project itself sound dirty.
Secondly, u asked us to design the most sophisticated/futuristic machine ever made by human being.
And u dont allow us to use patented design, seems dat u dont want to spend extra bucks for it (eventho u should know that creating new design may cost higher that the patented ones).
So we managed to create one hell of a design, surely one of the most advanced of its type ever.
U know whats weird? It took only one week to get a response from u!Incredible!Thats a new record! By the way the previous fastest respond time is 2 months FYI. I guess thats how a 'BILLION DOLLAR COMPANY' works. Oh no my throat feels funny again.
And as expected, our proposal got dumped. Apparently they are too costly and too sophisticated.
Ok fine, but plz show us ur idea so we can repair our own and make adjustments.
Oh its another miracle!! We got ur response in less than a week!!Thats 2 broken records in a space of less than a couple of weeks!! Incredible!!!
............................................
Muted. Speechless. Dumbfounded.
Pls dont make us believe that u r better than us again.
What were u thinking? This is no Jetsons!!
A kindergarten children can think of that kind of design.
So how much a degree cost in black market then?
Please stop referring to cartoons whenever u want to create something futuristic.---> Now thats a good advice.
Taking thins out of context, one leader got R rating for his appraisal. And this fella spend at average 20 hours per day at office, often leave after midnight. Call that a 'BILLION DOLLAR COMPANY' judgment. Absolute bollocks.
Feeling sick..
~Number4~
Secondly, u asked us to design the most sophisticated/futuristic machine ever made by human being.
And u dont allow us to use patented design, seems dat u dont want to spend extra bucks for it (eventho u should know that creating new design may cost higher that the patented ones).
So we managed to create one hell of a design, surely one of the most advanced of its type ever.
U know whats weird? It took only one week to get a response from u!Incredible!Thats a new record! By the way the previous fastest respond time is 2 months FYI. I guess thats how a 'BILLION DOLLAR COMPANY' works. Oh no my throat feels funny again.
And as expected, our proposal got dumped. Apparently they are too costly and too sophisticated.
Ok fine, but plz show us ur idea so we can repair our own and make adjustments.
Oh its another miracle!! We got ur response in less than a week!!Thats 2 broken records in a space of less than a couple of weeks!! Incredible!!!
............................................
Muted. Speechless. Dumbfounded.
Pls dont make us believe that u r better than us again.
What were u thinking? This is no Jetsons!!
A kindergarten children can think of that kind of design.
So how much a degree cost in black market then?
Please stop referring to cartoons whenever u want to create something futuristic.---> Now thats a good advice.
Taking thins out of context, one leader got R rating for his appraisal. And this fella spend at average 20 hours per day at office, often leave after midnight. Call that a 'BILLION DOLLAR COMPANY' judgment. Absolute bollocks.
Feeling sick..
~Number4~
Mail from reader..
Hi there, how ya'll doing? I am thinking of starting "a friday session", a session on which day the email from reader will be posted (or edited, if too highly x-rated) for everyone to see. I do not know whether to censor or to just cut and paste. But for initial post, I'll just cut and paste. No grammar change, no tone change, nada, yilek. I will think of something to add to your email, maybe over the christmas weekend. Do comment, and keep it coming to satay_ayam_forever@yahoo.com. CHiaow. Thanks bro GargoXXXX.
"Hi SatyamWatch,
As a 'leader' (READ - every Satyamite is a 'LEEEEADER') in this leading (wow,leading?) company...I do have some thoughts about this billion dollar organisation - oh, did I say billion dollar? (Please don't puke SatyamWatch). Now, the previous entries have been speaking about the bad side of Satyam...in my opinion, I DON'T think all is thaaaaat bad. I mean, come on, its a huge company with 40K++ associates around the globe for crying out loud! So, I think it is best that I try to recover its image for readers out there to realise that all is not lost...
OK...first point...
Satyam Malaysia has already established its footprint in Cyberjaya. With a growing manpower and a learning campus coming up in 2009, it is expected that Satyam will grow towards 2000 heads in the future to come. That's good rite? Hey, they even bought over Motorola (I can't remember which department) at Prima Avenue as a means to expand their empire. Soooo impressive! Since Motorola is Satyam's diversified business, it is said that new none-IT deals are cashing in - meaning more job opportunities for local associates, and also valuable experience. But why, are the Indian associates from India, are said to be on their way here to 'assist' in project development here? I can understand 1 or 2 senior managers, but a total of 150??? What, Malaysians are not good enough??? Then what do they do to the already existing managers/team leads in Motorola? Hurm....
OK...it doesnt sound very convincing...so let's try the second point.....
EVERYONE knows, you work a 9-5 job (Satyam loves its employees, therefore we work 9-6) in a billion dollar company (oh, I made SatyamWatch puke again!), you are earning big bucks. You work in shifts, even more big bucks. For readers out there, Satyam not only excels in IT, but also in financing as well. You see, those who work on shifts are promise shift allowance, therefore making their associates dream of earning more despite having lack of sleep, since shift hours go round the clock. Good rite? But why is it, up to 6 months and more, no sort of 'extra' income has been appearing in these associates' bank account? Either Satyam is saving their money, or the conviniently 'forgot' to include allowances into project budget. Another hurm....
OK,OK! I'm sorry, but I'm only speaking the truth, I don't know why all my points are turning negative! I will try some more...
There are various statuses in working environment - Billable means u are an asset to the company, also meaning u are working on a very inportant project for satyam, shadow means u are assisting the billable resources in projects, and also on the bench, those are associates who are not working in any project and waiting patiently for one. Logically speaking, billable would be the best status, since appraisals are being rated based on that, and also u are considered a valuable asset. But what happens when shadow resources are required to work as much as billables? Does it make sense? Then why not convert these shadows into billable? Ask this to any PM, the answer would be "Shadow and billable has no difference, all are working for the same project". What the fuck? - oh shit, I swore. Then why have whatever status in the firt place if there is no difference? Hahahahahaha, very humourous point, I'm dying of laughter..... Satyam doesnt differentiate anything to the point that it doesnt matter whether u work 9 hours or 19 hours a day...u wont be conpensated on extra pay or leave. Pay I can understand, since we are all execs, but time off??? No, no, no...no such thing as compensated leave. Every extra hour u spent is for the sake of 'experience' - bull****!
Continuing from the previous point...I mentioned that appraisals are being evaluated base on your performance. Satyam has a unique way of doing this...because you might be in a project in Malaysia, under a PM who has been designated in Malaysian office, but the person who is evaluating YOU is a blode sitting nicely at his desk all the way back in INDIA! You would ask, how would that person know what were your achievements since he doesnt even have a clue who u are, and you are here busting your ass here working like crazy? That is a riddle even I can't answer - please refer to HR on this.
Oh...speaking of riddles, it is one of Satyam's favourite games. Why I say this? Every company has a fixed date on when salary is cashed in...24th, 25th, and some even 30th. Booooring! You will be expecting your salary at the respective dates. Here in Satyam, you might get your salary on the 25th, and on the 30th of next month, and 27th of the following month...etc...It is quite an exciting game when you have bills pay and you are constantly checking maybank2u.com to see whether your bread and butter has been credited. See, not all is at lost, there's still fun things going on in Satyam!
So here are some points for you to ponder upon. Did I mention anything good??? Its for you to judge. Have a nice day!"
"Hi SatyamWatch,
As a 'leader' (READ - every Satyamite is a 'LEEEEADER') in this leading (wow,leading?) company...I do have some thoughts about this billion dollar organisation - oh, did I say billion dollar? (Please don't puke SatyamWatch). Now, the previous entries have been speaking about the bad side of Satyam...in my opinion, I DON'T think all is thaaaaat bad. I mean, come on, its a huge company with 40K++ associates around the globe for crying out loud! So, I think it is best that I try to recover its image for readers out there to realise that all is not lost...
OK...first point...
Satyam Malaysia has already established its footprint in Cyberjaya. With a growing manpower and a learning campus coming up in 2009, it is expected that Satyam will grow towards 2000 heads in the future to come. That's good rite? Hey, they even bought over Motorola (I can't remember which department) at Prima Avenue as a means to expand their empire. Soooo impressive! Since Motorola is Satyam's diversified business, it is said that new none-IT deals are cashing in - meaning more job opportunities for local associates, and also valuable experience. But why, are the Indian associates from India, are said to be on their way here to 'assist' in project development here? I can understand 1 or 2 senior managers, but a total of 150??? What, Malaysians are not good enough??? Then what do they do to the already existing managers/team leads in Motorola? Hurm....
OK...it doesnt sound very convincing...so let's try the second point.....
EVERYONE knows, you work a 9-5 job (Satyam loves its employees, therefore we work 9-6) in a billion dollar company (oh, I made SatyamWatch puke again!), you are earning big bucks. You work in shifts, even more big bucks. For readers out there, Satyam not only excels in IT, but also in financing as well. You see, those who work on shifts are promise shift allowance, therefore making their associates dream of earning more despite having lack of sleep, since shift hours go round the clock. Good rite? But why is it, up to 6 months and more, no sort of 'extra' income has been appearing in these associates' bank account? Either Satyam is saving their money, or the conviniently 'forgot' to include allowances into project budget. Another hurm....
OK,OK! I'm sorry, but I'm only speaking the truth, I don't know why all my points are turning negative! I will try some more...
There are various statuses in working environment - Billable means u are an asset to the company, also meaning u are working on a very inportant project for satyam, shadow means u are assisting the billable resources in projects, and also on the bench, those are associates who are not working in any project and waiting patiently for one. Logically speaking, billable would be the best status, since appraisals are being rated based on that, and also u are considered a valuable asset. But what happens when shadow resources are required to work as much as billables? Does it make sense? Then why not convert these shadows into billable? Ask this to any PM, the answer would be "Shadow and billable has no difference, all are working for the same project". What the fuck? - oh shit, I swore. Then why have whatever status in the firt place if there is no difference? Hahahahahaha, very humourous point, I'm dying of laughter..... Satyam doesnt differentiate anything to the point that it doesnt matter whether u work 9 hours or 19 hours a day...u wont be conpensated on extra pay or leave. Pay I can understand, since we are all execs, but time off??? No, no, no...no such thing as compensated leave. Every extra hour u spent is for the sake of 'experience' - bull****!
Continuing from the previous point...I mentioned that appraisals are being evaluated base on your performance. Satyam has a unique way of doing this...because you might be in a project in Malaysia, under a PM who has been designated in Malaysian office, but the person who is evaluating YOU is a blode sitting nicely at his desk all the way back in INDIA! You would ask, how would that person know what were your achievements since he doesnt even have a clue who u are, and you are here busting your ass here working like crazy? That is a riddle even I can't answer - please refer to HR on this.
Oh...speaking of riddles, it is one of Satyam's favourite games. Why I say this? Every company has a fixed date on when salary is cashed in...24th, 25th, and some even 30th. Booooring! You will be expecting your salary at the respective dates. Here in Satyam, you might get your salary on the 25th, and on the 30th of next month, and 27th of the following month...etc...It is quite an exciting game when you have bills pay and you are constantly checking maybank2u.com to see whether your bread and butter has been credited. See, not all is at lost, there's still fun things going on in Satyam!
So here are some points for you to ponder upon. Did I mention anything good??? Its for you to judge. Have a nice day!"
Tuesday, December 23, 2008
The good, the bad and the ugly…
The good, the bad and the ugly…
In general, if one look at the hindsight, Satyam offered the best of fringe benefit. They have online help, they have cafeteria, they have pc’s for everyone. These are some of the things that we rarely look at and appreciate. And I appreciate it.
On the other hand, there is the bad and ugly side of thing, as well. Let’s start with the good things.
The good.
Every now and then, things like FUN@Work initiatives or futsal tournament that keeps popping up. These events commemorate special events of the year, or just intended to promote “The Satyamite” one-ness.
The bad and the ugly.
These things actually hide the fact some of these fellows associates have too much time on their hand. Why, you may ask? Satyam hires too much people, because it is their business policy. You know,just in case they have a project to offer to customer, they can say, we have these much people ready to work on the project. But, they are people that have been on the bench for the entire time they are on the ELTP. What gives?
The good.
Due to the salary satyam pays the ELTP fellas, they can afford to buy cars. No one else in the industry pay this much for entry level, except for oil and gas, off course. (You may correct me if I am wrong)
The bad.
Parking space, I mean free ones, are not available for all 700+ associates here. Some have to park outside, at the risk of being fined or their car towed.
The ugly.
The reserve spaces are supposed to be for the bosses, but how come other “closely connected” also got parking. For front desk people? For HR? For front desk people boyfriend?
The good.
Satyamites are required to travel to other countries, if the client requires so. OR Satyam requires so.
The bad.
How come Malaysian associates when travel to India got pay little, not as comparable as their associates in India? Shouldn’t the HR thinks about cost of relocation?
The ugly.
Indian associates who come here have bigger pay compared to local who has similar pay grade, as their pay in India is high. When they come here, they never scale down the pay, which is fine. But, the thing is, when we import expat, we expect them to be better, isn’t it? But I heard rumors that some of them are useless fuckers, so the fact that they are here are a waste and insulting to local people.
….More to come, fellas.
Aku marah dengan haiwan putih itu
Dengan berat mate aku cube untuk bangun sembahayang subuh pagi tadi. Oh beratnye badanku ini. Terase pelik pabila melihat sisipan cahaya menyelit di celah tingkap. Ku lihat jam pada telefon bimbitku yg tgh lepak kat sebelah bantalku. Oh damn! dah pukul 8.30 pagi rupenye!! Subuh gajah lagilah aku nampaknya. Ceh menapak lah aku ke ofis hari ini. Memandangkan aku akan mandi 10minit,gosok gigi 5 minit, pakai baju/sikat rambut/buh deodorant 10 minit,layan friends jap 5 minit, paling cikai pon aku akan gerak ke ofis kul 9.00pagi. Tu belum campor berak ngan panaskan enjin lagi.
Dengan menunggang kete hitamku aku memecut laju ke ofis. Perjalanan yg biasenye memakan mase 15 minit berjaya ku singkatkan ke 10 minit sahaja. Ku kerah kuase kudaku mencapai kelajuan 160km/jam pagi ini. Satu rekod baru bagiku. Tidak sempat ku melayan karenah Rudy dan JJ Dj radio kegemaranku. Dengan diiringi lagu klasik dendangan Jonah Brothers (tak ingat plak tajuk die ape) aku menekan pedal minyakku habis habisan.Takde satu pon yg aku bagi can sume aku tinggal bertiang tiang. Habislaaa minyak kete aku camni. Celakak punye Badawi turunkan harge minyak seposen.
Jam menunjukkan pukul 9.10pagi. Naluri hati mengatakan tiade ruang parkir lagi untukku. Namun benak kepala besar lagi degil ini tetap mahu mencuba nasib. Ah mungkin ade yg tak bangun pagi lagi seperti yg selalu terjadi pada seorang sahabat ofisku. Dengan hati penuh debar ku putar tayar keteku masuk ke kawasan parkir atas. Ciss dah penuh plak. Peratusan untuk mendapat ruang parkir makin mengecil. Ku putarkan lagi tayar keteku ke parkir tingkat bawah. Ciss penuh juga. Hanya yg tinggal ruang parking yg disimpan untuk bos2 kesayangan syarikat. Sebiji objek oren ajaib berdiri teguh berjaya menghalang sesiapa yg bukan bos daripada menggunakan ruang parkir tersebut. Begitu hebat kuasa objek tersebut hanya jaga parkir sahaja yg mempunyai abilities(mcm peter patrelli) untuk mengangkatnya ke tempat lain. Dengan hati yg remuk aku keluar terus ke kawasan pembinaan bangunan mencari spot baekkk untuk kerete ku. Setelah dengan penuh gaya melancarkan teknik reverse parking dengan jayanya, aku mengorak langkah ke ofisku.
Mengah berjalan tak abis pon lagi, seekor haiwan putih dengan yakin masuk ke kawasan parkir ofis aku. Hahaha bertuah la ko ruang parkir dah habis bai. Namun dengan selambanya jaga parkir ofisku mengalihkan objek oren ajaib penghalang kereta parking bagi membolehkan haiwan tersebut menggunakan ruang parkir tersebut. Ah dia ini bos syarikat kah? Dari segi penampilan haiwan putih ini jauh sekali die merupakan seekor bos syarikat. Apatah lagi dengan muka serta dressing tuan punya haiwan ini. Seperti seorang yg tidak habis belajar gamaknya. Ku teliti rupa orang ini seperti pernah berjumpa tapi di mana ya. Oh dia ini segerombolan dengan orang yg hanya duduk di belakang kaunter pertanyaan itu! Celakak! Jam sudah 9.30pagi. Si s*** ini datang lagi lewat dari aku tapi dapat ruang parkir yg selesa sedangkan aku terpaksa menapak jauh untuk menambat kereteku. Mmg c**** beb. Bikin panas jer!!
Aku tak terdaya untuk berbuat apa2 selain menyumpah seranah dalam hati sahaja. S*** b*** sume kuar. Tak hingat punye carut beb. Seraya aku melangkah melintasi haiwan putih ini aku berfikir apakah yg patut aku lakukan bagi meredakan carutan hatiku ini. Jika haiwan putih ini diletakkan di kawasan panas sudah tentu akan ku kulum berbiji2 gula2 hacks dan ku susun dengan cantik membentuk kata2 carutan di cerminnya. Mungkin aku patut meninggal kan bekas tapak kasut kedai Kim Hoe ku secara berirama di badannya. Ataupon mungkin kahak yg bersarang di tekakku ku tempel dengan cantik di bumbungnya. Atau dengan tak sengaja mata kunci keretaku menyusur halus di badannya. Akan kuingat nombor pendaftaran haiwan ini sampai bila2.
p/s : Korang mungkin dpat teka apekah sebbenarnye haiwan putih ini. Die skarang kadang2 tuka jadi haiwan lain kaler itam. Itam macam tuan die
~Number4~
Dengan menunggang kete hitamku aku memecut laju ke ofis. Perjalanan yg biasenye memakan mase 15 minit berjaya ku singkatkan ke 10 minit sahaja. Ku kerah kuase kudaku mencapai kelajuan 160km/jam pagi ini. Satu rekod baru bagiku. Tidak sempat ku melayan karenah Rudy dan JJ Dj radio kegemaranku. Dengan diiringi lagu klasik dendangan Jonah Brothers (tak ingat plak tajuk die ape) aku menekan pedal minyakku habis habisan.Takde satu pon yg aku bagi can sume aku tinggal bertiang tiang. Habislaaa minyak kete aku camni. Celakak punye Badawi turunkan harge minyak seposen.
Jam menunjukkan pukul 9.10pagi. Naluri hati mengatakan tiade ruang parkir lagi untukku. Namun benak kepala besar lagi degil ini tetap mahu mencuba nasib. Ah mungkin ade yg tak bangun pagi lagi seperti yg selalu terjadi pada seorang sahabat ofisku. Dengan hati penuh debar ku putar tayar keteku masuk ke kawasan parkir atas. Ciss dah penuh plak. Peratusan untuk mendapat ruang parkir makin mengecil. Ku putarkan lagi tayar keteku ke parkir tingkat bawah. Ciss penuh juga. Hanya yg tinggal ruang parking yg disimpan untuk bos2 kesayangan syarikat. Sebiji objek oren ajaib berdiri teguh berjaya menghalang sesiapa yg bukan bos daripada menggunakan ruang parkir tersebut. Begitu hebat kuasa objek tersebut hanya jaga parkir sahaja yg mempunyai abilities(mcm peter patrelli) untuk mengangkatnya ke tempat lain. Dengan hati yg remuk aku keluar terus ke kawasan pembinaan bangunan mencari spot baekkk untuk kerete ku. Setelah dengan penuh gaya melancarkan teknik reverse parking dengan jayanya, aku mengorak langkah ke ofisku.
Mengah berjalan tak abis pon lagi, seekor haiwan putih dengan yakin masuk ke kawasan parkir ofis aku. Hahaha bertuah la ko ruang parkir dah habis bai. Namun dengan selambanya jaga parkir ofisku mengalihkan objek oren ajaib penghalang kereta parking bagi membolehkan haiwan tersebut menggunakan ruang parkir tersebut. Ah dia ini bos syarikat kah? Dari segi penampilan haiwan putih ini jauh sekali die merupakan seekor bos syarikat. Apatah lagi dengan muka serta dressing tuan punya haiwan ini. Seperti seorang yg tidak habis belajar gamaknya. Ku teliti rupa orang ini seperti pernah berjumpa tapi di mana ya. Oh dia ini segerombolan dengan orang yg hanya duduk di belakang kaunter pertanyaan itu! Celakak! Jam sudah 9.30pagi. Si s*** ini datang lagi lewat dari aku tapi dapat ruang parkir yg selesa sedangkan aku terpaksa menapak jauh untuk menambat kereteku. Mmg c**** beb. Bikin panas jer!!
Aku tak terdaya untuk berbuat apa2 selain menyumpah seranah dalam hati sahaja. S*** b*** sume kuar. Tak hingat punye carut beb. Seraya aku melangkah melintasi haiwan putih ini aku berfikir apakah yg patut aku lakukan bagi meredakan carutan hatiku ini. Jika haiwan putih ini diletakkan di kawasan panas sudah tentu akan ku kulum berbiji2 gula2 hacks dan ku susun dengan cantik membentuk kata2 carutan di cerminnya. Mungkin aku patut meninggal kan bekas tapak kasut kedai Kim Hoe ku secara berirama di badannya. Ataupon mungkin kahak yg bersarang di tekakku ku tempel dengan cantik di bumbungnya. Atau dengan tak sengaja mata kunci keretaku menyusur halus di badannya. Akan kuingat nombor pendaftaran haiwan ini sampai bila2.
p/s : Korang mungkin dpat teka apekah sebbenarnye haiwan putih ini. Die skarang kadang2 tuka jadi haiwan lain kaler itam. Itam macam tuan die
~Number4~
Maytas = reverse Satyam
They (i.e RamaRaju) €say the decision to acquire Maytas is a value-added decision, but then why he back down on the decision? Because Satyam stock (and his overall value) has been decreased after market reacted negatively and sold down Satyam stock. Not only that, this transaction if go through, is a violation of company act, as it constitutes related party transaction. (http://www.investopedia.com/terms/r/related-partytransaction.asp)
What is Maytas? According to http://www.telegraphindia.com/1081217/jsp/business/story_10263918.jsp, "The two Maytas entities have also been founded by the family of B. Ramalinga Raju, who is the chairman of Satyam Computer."
So, basically if you read the news article, it's like they are using the cash rich position of Satyam to bail out Maytas, which is also another company by those related to Raju. This Maytas company is doing" construction that is going through a very difficult phase". Thus, this is an unnecessary bailout using cash from Satyam. Isnt it great? :(
Then you may ask, why this important to Satyamites? Its easy:
1. It is obvious that spending lavishly at this trying time, when the whole world is undergoing financial crisis is utterly irresponsible. Furthermore, this new company is not doing good, and totally unrelated to what Satyam is currently doing. I can understand if they want to acquire a company that can add value, for example if they want to acquire research center of airbus for example.
2. ANother question is, what will happen if suddenly the newly-acquired company go bust? Wouldnt it affect Satyam and multiple thousands of its employees? Would they suddenly retrench people to make up for the losses? (The amount of transaction is US$1.6 billion, man)
3. The fact is this transaction is like Rama Raju is taking Satyam money to help his family. He cant take the money directly, so he "pretend" to buy.Then what is wrong, u ask me, since he only helping his family? Well, it is his company, but this is unacceptable as thousands and thousands of people depends on Satyam, plus this Satyam is public listed anyway.
4. As a suggestion, If RamaRaju doesnt know how to spend the cash, then how about rewarding your own employee, or "associates" as you like to call them, with some bonus or added value training so that we can appreciate and grow this company more. So much for delighting AICS. That's why I never trust company slogan, unless its leaders actually follows them (WHat is AICS? Only Satyamites know).
Anyway, as starter to this blog, this post will only this short. We are welcoming contributions, please send to satay_ayam_forever@yahoo.com for any comment regarding satyam, any good or bad as we intend to be the watcher, as long as time permits.
What is Maytas? According to http://www.telegraphindia.com/1081217/jsp/business/story_10263918.jsp, "The two Maytas entities have also been founded by the family of B. Ramalinga Raju, who is the chairman of Satyam Computer."
So, basically if you read the news article, it's like they are using the cash rich position of Satyam to bail out Maytas, which is also another company by those related to Raju. This Maytas company is doing" construction that is going through a very difficult phase". Thus, this is an unnecessary bailout using cash from Satyam. Isnt it great? :(
Then you may ask, why this important to Satyamites? Its easy:
1. It is obvious that spending lavishly at this trying time, when the whole world is undergoing financial crisis is utterly irresponsible. Furthermore, this new company is not doing good, and totally unrelated to what Satyam is currently doing. I can understand if they want to acquire a company that can add value, for example if they want to acquire research center of airbus for example.
2. ANother question is, what will happen if suddenly the newly-acquired company go bust? Wouldnt it affect Satyam and multiple thousands of its employees? Would they suddenly retrench people to make up for the losses? (The amount of transaction is US$1.6 billion, man)
3. The fact is this transaction is like Rama Raju is taking Satyam money to help his family. He cant take the money directly, so he "pretend" to buy.Then what is wrong, u ask me, since he only helping his family? Well, it is his company, but this is unacceptable as thousands and thousands of people depends on Satyam, plus this Satyam is public listed anyway.
4. As a suggestion, If RamaRaju doesnt know how to spend the cash, then how about rewarding your own employee, or "associates" as you like to call them, with some bonus or added value training so that we can appreciate and grow this company more. So much for delighting AICS. That's why I never trust company slogan, unless its leaders actually follows them (WHat is AICS? Only Satyamites know).
Anyway, as starter to this blog, this post will only this short. We are welcoming contributions, please send to satay_ayam_forever@yahoo.com for any comment regarding satyam, any good or bad as we intend to be the watcher, as long as time permits.
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