C
orporate sagas seem to come in twos. The mega-fracas that erupted in 2016 between Cyrus Mistry, then Chairman of Tata Sons, and the iconic Ratan Tata, Chairman Emeritus at Tata Sons, was starting to come to a close by the second half of 2017 (though I fear the last words have yet to be written). Ratan Tata had annointed N Chandrasekaran, CEO of TCS, as thew Chairman of Tata Sons, and re-asserted his complete control over the sprawling Tata empire. Now comes the rather unexpected news that Vishal Sikka (@vsikka), CEO and MD of Indian IT behemoth Infosys, had tendered in his resignation, apparently unable to tolerate any longer the constant "drumbeat of distractions" from co-founder Mr. NRN Murthy, and, some speculated, a lack of support from some members of the Infosys Board itself.
In particular, this is what Vishal Sikka wrote in his letter to the Board:Infosys' CEO has resigned, blaming its co-founders for meddling with the business https://t.co/Nhu4PBquCF pic.twitter.com/Zp85JgGbmQ— Bloomberg Technology (@technology) August 18, 2017
"Over the last many months and quarters, we have all been besieged by false, baseless, malicious and increasingly personal attacks. Allegations that have been repeatedly proven false and baseless by multiple, independent investigations. But despite this, the attacks continue, and worse still, amplified by the very people from whom we all expected the most steadfast support in this great transformation." [link]In this perhaps altogether avoidable saga, no one has come out smelling of roses - not the Infosys board, not Vishal Sikka, and not Mr Murthy.
A Retrospect for Vishal Sikka
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