Why the trouble at Infosys is unlikely to abate quickly.
CROSSING SWORDS
These are the 10 broad sets of allegations being made by an anonymous whistleblower at Infosys, some of which have also been flagged by the founders of the company. Infosys’ board and its management have responded to these charges
ALLEGATIONS
VIOLATION OF GOVERNANCE NORMS: Former CFO Rajiv Bansal as well as Chief Compliance Officer David Kennedy were paid large amounts of money to ‘hush up’ things including aggressive accounting practices
VERY BIG JUMP IN CEO SALARY: Salary of $11 mn per annum very high compared to that of an average employee and even other Indian companies chief executives
HIRING VIOLATIONS: Ex-SAP colleagues of Sikka hired at fancy packages and given out of turn promotions
MISUSE OF COMPANY PRIVILEGES: Chartered flights being used by CEO. Executives close to Sikka flying first class without honouring expense policy
PROFLIGATE : Office in Palo Alto, Bay Area leased on high street at great cost. Focus on appearances rather than results.
DIRECTORS APPOINTMENT: Punita Kumar Sinha, wife of Union minister Jayant Sinha, and a few others done for non-meritocratic reasons
MOTIVES IN ACQUISITION: In deals like Panaya and Skava, there were other motives apart from getting the best for Infosys.
LACK OF CONSULTATION AND COMMUNICATION: Founders as well as senior ex- Infoscians, who are well wishers of the company, not being consulted adequately on substantial decisions
COMPANY CULTURE BEING SUBVERTED: High degree of transparency, adherence to ethics and a culture of frugality being given a go-by
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
"Moving to cloud helped us grow❞
What was the problem you were grappling with?
She's Got Time
MORE WOMEN ARE BECOMING WATCH CONNOISSEURS, SEEKING OUT BOTH JEWELLED AND TECHNICAL WATCHES FOR THEIR STYLE AND CRAFTSMANSHIP
RISING STAR
PARUL GULATI IS a name that's been steadily gaining prominence in the Indian entertainment industry after she appeared on season 2 of Shark Tank in 2023. She has become a multifaceted personality who effortlessly transitions between acting and entrepreneurship.
Building on a Legacy
WHEN ZAHABIYA KHORAKIWALA stepped into her role as Managing Director of Wockhardt Hospitals over a decade ago, she confronted formidable challenges that have since turned into achievements.
LEADER IN INNOVATION
AS FEDEX'S PRESIDENT (Middle East, Indian subcontinent and Africa), Kami Viswanathan has a lot on her plate.
WAITING IN THE WINGS
Here are those who missed out as they have not yet completed a year in office; they'll be strong contenders in 2025
A DECENT PROPOSAL
IN TODAY'S WORLD OF TRYING TO CREATE AN EQUITABLE SPACE, BOTH MEN AND WOMEN CONTRIBUTE TO THEIR HOUSEHOLDS. WOMEN ARE ENCOURAGED TO HAVE THEIR OWN SAVINGS POOL AND INVESTMENT ROUTINE. GIVEN THIS, HOW SHOULD FUTURE BRIDES APPROACH FINANCIAL PLANNING?
Women and the STEM Bias
EMPOWERING WOMEN IN STEM WILL NOT ONLY BENEFIT INDIVIDUALS, BUT ALSO STRENGTHEN THE ENTIRE INDUSTRY, DRIVING INNOVATION AND PROGRESS.
ROCKET WOMEN
WOMEN IN INDIA ARE NOT ONLY VENTURING INTO SPACE BUT ARE ALSO STARTING TO SPEARHEAD THE COUNTRY'S EFFORTS IN THE GLOBAL SPACE RACE.
ONE STEP FORWARD
THE NUMBER OF WOMEN INDEPENDENT DIRECTORS IS GROWING STEADILY, BUT IT'S A LONG WAY FROM GENDER PARITY. MUCH MORE NEEDS TO BE DONE TO BREAK THE GLASS CEILING IN BOARDROOMS.
