Determined to restore Satyam's former glory: AS Murty

Published on Fri, Feb 06, 2009 at 10:57 |  Source : CNBC-TV18

Updated at Sat, Feb 07, 2009 at 11:47  

100644 Investors following Mahindra Satyam. Share this News with them.
0
0
Share on Tumblr
AS Murty, CEO, Satyam

Excerpts from Bazaar on CNBC-TV18 Watch the full show ยป

RELATED NEWS

ALSO READ

The Satyam board appointed AS Murty as the new Chief Executive Officer (CEO) of Satyam. The board also named Homi Khusrokhan and Partho Datta as special advisors to the board. In an address to Satyam employees, Murty stirred up emotion and said he would work hard to restore the troubled IT firm to its former glory.

 

Murty said that his priorities as the CEO would include determining Satyam's financial position and restating the third quarter results. He said restatement of accounts will take 8-12 weeks.

 

He said he would focus on long-term strategic options and will also assess and manage legal liabilities. Murty said that more than 90% clients indicate support for Satyam. Also, special advisors, BCG will work pro-bono to help board define and execute key strategies, added Murty.

 

Meanwhile, Murty's priorities would also include undertaking cost-rationalisation measures and resuming investments in identified areas, he said.

 

                                        See next page for the complete transcript...

  

Trending News

Business News

Google's Project Glass taken for a spin, 720p video recording showcased
Nifty level to watch is 5,150; Bank Index upside is modest "Nifty level to watch is 5,150; Bank Index upside is modest "

KKR in way of CSK's hat-trick of IPL titles

Rel Comm Q4 Cons Net Revenue Up 5% At `5,310 Cr (QoQ)

The latest earning numbers FIRST on CNBC-TV18
Videos

May 25 2012, 22:26

NHPC posts profit amid capacity addition, delay woes

- in Results Boardroom

Interviews

May 27 2012, 11:52 | Source: CNBC-TV18

Expect to maintain EBIDTA margin ahead: Wockhardt

May 27 2012, 11:00 | Source: CNBC-TV18

e-commerce market in India: What's in store?  

Subscribe to

Moneycontrol Newsletters

Moneycontrol.com offers you a choice of various sectoral and other newsletters for FREE!