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“In India, companies may fall sick, but promoters rarely do!”

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January 19, 2009

Satyam-Maytas Scam : Revealing Minutes of the crucial December 16,2008 Board Meeting to discuss and approve the acquisition proposal

2 Comments / Controversies, Corporate Governance, Information Technology, Insider Trading, Interesting News Sightings, INVESTOR MISTAKES, Reflections, Satyam : The Sordid Asatyam Saga, STOCKS, VALUATION / By

The Minutes of the Crucial December 16,2008 Meeting of the Board of Directors of Satyam to discuss and approve the Maytas acqusition proposal are now in public domain Phew ! I read the Twelve pages of the Minutes and can only say this ! NONE IN THE BOARD WAS ABOVE BOARD ! The way the Meeting Progressed …

Satyam-Maytas Scam : Revealing Minutes of the crucial December 16,2008 Board Meeting to discuss and approve the acquisition proposal Read More »

Jaiprakash Associates : Executive Chairman,Manoj Gaur does not know the Debt to Equity quotient !

2 Comments / Chuckle !, Controversies, Corporate Governance, Infrastructure, Insider Trading, Interesting News Sightings, INVESTOR MISTAKES, Real Estate, Reflections, STOCKS, VALUATION / By

Was shocked to hear this morning on CNBC 18,Executive Chairman of Jaiprakash Associates,Manoj Gaur,confessing he was not aware of the Debt to Equity quotient in his Company ! On earlier being asked as to how much cash was there on the Books,he quickly stated “Rs 1500 crs” Mr Gaur,who’s running your Company if you’re not !? Mr …

Jaiprakash Associates : Executive Chairman,Manoj Gaur does not know the Debt to Equity quotient ! Read More »

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