Infosys CEO Resignation Saga – A Really Bad Example For Indian Companies
Vishak Sikka, the first non-founder CEO of Infosys resigns under pressure and constant challenging by Narayan Murthy, one of the founders of Infosys and a two time past CEO. Under his short tenure of less than three years sales and profits both increased. So what was the problem? Really simple:
1) Narayana Murthy’s continuous assault was one main reason, and
2) continuous noise over the same things, malicious attacks and drumbeats of distractions and on and on…
Infosys was in the midst of a structural transformation… all this takes times, and CEOs could make mistakes. Founders or those with significant shareholding should stop interfering in their former companies and move on. That is usually a difficult thing for founders to do and even harder for Indians to let go, whether inside or outside the home… this is limiting our achieving world class…
Source: Firstpost
- 22 Aug 2017
- WerIndia
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