Another big shot goes bust! This time it's the Indian IT "giant" Satyam (http://www.computing.co.uk/vnunet/news/2233443/satyam-chairman-admits-seven). This is not long after the Danish company; IT Factory, pulled a similar stunt (http://politiken.dk/newsinenglish/article605506.ece). I'm starting to think that when all things are going well, it's just an illusion with a few puppet masters pulling all the strings. However, I just can't believe that in both cases it is claimed that the auditors and board didn't have any knowledge of the wrong doings. If this is true then we must be talking about the dumbest people in the world.
Thursday, 8 January 2009
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