Satyam Fiasco and Corporate Culture: Tip of the Iceberg

'The scintillating performance of white collars are now showing up patches of darkness in the private sector also. The hollowness of money spinning generation has been opening up. The charisma of Business school theories and their products are now no more a spell bounding. The fort of globalsiation has been collapsing. The series of "economic and systematic scam" is gruelling the murkier scenario of "Global depression". The Satyam episode is not a earthquake. The epicentre of the Satyam (and many more to come in future) shake is well known , but we all had closed our eyes (and ears) when many among us were feelings the tremors in the past. We have never released ourselves from the lust of money and machoism. This global economic crisis is the result of misplaced priporities and short sighted business plans. (Dont blame oil prices alone.) Unlimited greed to capture the global market ( without any long term vision and ethics) made way for unsustainable and impractical plans (expansion, over-production resulting in over-employment with high bonus for sales persons & managers for showing projected profit with wrong assumptions) that were not feasible in any sense. Everything was justified in the name of aggressive marketing. (Remember those lectures from your colleagues for raising these ethical issues during lunch break discussions. "In fact there is nothing that can be called right or wrong in this world. It’s all a matter of our perception and personal preferences". You were told). These are the only two unsocial product of Global economy that was in hands of over ambitious marketing persons who believed that anything is good that helps in getting the business. There was no difference between temporary and long term goals due to lack of vision. The illusion (Professionalism & Cheating as two sides of a coin) is created by these so-called elite managers and we are mortgaging the existence of reality. Profit projection is the only way to justify their positions (and year end appraisals), though most of them have brilliant CV but usually without basic understanding of that field. The unsocial marriage of profit making plans and market opportunities has given the birth of unsocial child of "Unfaithful" corporate culture and capital. Who will cherish this unsocial child? The egoistic rhythm of big B - Schools (and E-Schools also) is now jarring the world civilization. Let us hold them now and teach them to respect the basic ethos of society where at present honesty and transparency are noticed as sign of unprofessionalism.

In fact the way to deter others from such manipulations, and even to get at others is to expeditiosly put Raju and his Accountants/ Auditors/ Directors behind bars. This may give those who know about misdeeds of others to come forward and expose them. Also an enquiry should be set up to know the utilization of all the top B- school products hired on multi-million packages by these co.s. Were they just used to mainly mislead clients, balance sheet manipulations and shield the manipulators at higher management level? I am sure that these B-school products contributed enough to the downfall of the USA financial sector also. All the co.s that gone bust (or got bail out) are those who were too generous in recruiting from top B-Schools and giving commission based bonus to their managers. A make-believe fantasy world was created by these people where they tried to hijack the basics theories of good business practices, sustainable growth, parameters of professionalism & socio-economic realities.

The fantasy created for the elite service providers has been evaporated in the heat of Global Depression, Ethical Terrorism and Global Machosim. The hammer of TIME has been bolting on the face of these hollow technocrats and managers. The sin of indecent sleepless nights in front of workstations are now coming to reality. We need to say no to this brutal community of so-called professionals. Let us bridge the respectful and dignified economy and work culture where the breads and pride of 70% marginalised population will be weaving the theory of Management and Policies. This is the basic ethics of Social Capitalism. Otherwise there are numerous balance sheets are ready to mortgage the dignity of humanity on this Globe.