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The Great Infosys Succession Drama June 2, 2013

Posted by simarprit in Uncategorized.
Tags: , , ,

Hmm… “Mr Murthy will replace current chairman K V Kamath, who will become lead independent director, effective June 1. The current executive co-chairman S. Gopalakrishnan will be re-designated executive vice chairman, while current chief executive officer S.D. Shibulal will remain in his position, Infosys said in a statement on Saturday.” “Mr Murthy has requested the board to appoint his Harvard-educated son, Dr. Rohan Murthy, as his executive assistant for the next five years.” – I am sorry but this sounds hilarious, looks like some people have been working extra hard to accommodate all, sundry and their baggage.

So much for business ethics and leading by example. On record Mr. Murthy (and family) has considerably en-cashed their holdings in Infosys at right time. If only they would have given Mr. Kamath a free hand, Infosys would have been back in the forefront.


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