Troubled Satyam boss turns to employees for support

BOSS INTERRUPTED: The letter comes amid reports of uneasiness among the over 50,000 employees of the company.

ibnlive.com is on mobile now. Read news, watch videos
be a Citizen Journalist. Log on to m.ibnlive.com NOW!

Related Stories

• Satyam case: Raju's bail plea dismissed

• Satyam's crack team | Directors shocked | Timeline

• Satyam boss admits fraud, quits | Letter | Probe

Top Headlines

Top Videos

Most Popular

• Gujarat dry status an ideological hangover? 

• India dry, Pawar says well-stocked for 13 months | Drought diary 

• Manmohan, Gilani fix up meeting without a date 

• India puts it in writing: Pak planned 26/11 

• Burger King apologises to Hindus for offensive ad 

• SC takes up plea against gay sex, issues notice 

• Suspected Dawood aide acquitted in fake currency case 

• Another 'lover' arrested at Sania Mirza's house 

• Mumbai, Pune and Delhi face 30-40 pc water shortage 

• Mysore: PFI activists clash with police, lathicharged 

• MP drought-hit 

• Sariska tigers siblings, incest dangerous: Experts 

• 2016 Games contenders go all out to woo voters 

• Watch: Zardari admits to nurturing terrorists 

• SC takes up plea against gay sex, issues notice 

• CJ: Delhi-based builders make off with money 

• Pune reels under 40 per cent water cuts 

• RTI against college lands DCE student in trouble 

• Sports officer attacked for fighting corruption 

• Watch: Ferreira talks about sports and Union Budget 

• Forbes India: 20 stocks you must own 

• Dry state Gujarat reels under hooch tragedy 

• Burger King apologises to Hindus for offensive ad 

• Army honours Mohanlal with Lieutenant Colonel post 

• India puts it in writing: Pak planned 26/11 

• Another 'lover' arrested at Sania Mirza's house 

• MP drought-hit 

• Sariska tigers siblings, incest dangerous: Experts 

• Mamata dismisses corporate structure for railways 

• Mysore: PFI activists clash with police, lathicharged 

Photogallery

Find us on Facebook | Join IBNLive community

Stay ahead with G-Talk Buddy | Click now!

Hyderabad: Under attack from investors and many of the Board members over the Maytas acquisition fiasco, Satyam Computer Chairman Ramalinga Raju today solicited support of employees, saying everything possible was being done to get the company back on track.

At the same time, he hit out at the detractors, including four directors who quit the Board over corporate governance issues, saying: "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."

Breaking his silence on the embarrassing developments over the last two weeks, Raju said in an open letter to employees that "please be assured that the Board and the leadership team are doing everything that's possible to get

Satyam back on track.

"We cannot do this without your help... I ask for your continued faith in Satyam and for your steadfast focus on your customers, specially in the face of wild speculation and unchecked rumours."

The letter comes amid reports of uneasiness among the over 50,000 employees of the company, even as speculation was rife that a chunk of its talented employees was already looking for other options.