Recently market has been shaked by the news that Raju, the owner of Satyam Pvt Ltd is a fraud. He has presented false balance sheets, etc since many years. Though the SEBI team is researching on this matter but currently raju’s confession letter speaks that he is a fraud.
I keep hearing on news channels, people offering suggestions of what to do in this matter. In my view, punish the fraud(s) and reward the genuine. News channels keep murmuring that it was raju who brought up the Satyam but I think its not a one man job. All the workers of this company were responsible for its growth.
Currently the company’s workers are its only strength and only they can get the company out of this position. So the solution is very simple – give the company in the hands of its workers. Give them a share in the company. And then only the company can manage to stand back.
Well its my personal view but I will be very happy to see it in reality.