This is with reference to ‘Infosys and the NRN sinkhole’ by Raghuvir Srinivasan (August 21). There is nothing wrong with Murthy’s interference in and criticism of the functioning of Infosys. After all Infosys was his brain child.. Boosting employees’ morale is important in an organisation; this boosts productivity and this is what a good leader is expected to do. Also, India needs entrepreneurs like Murthy and organisations like Infosys to show that you need not be born with a silver spoon. India needs more Narayana Murthys.
Veena Shenoy
Thane, Maharashtra
Infosys or any other business can do with founders’ occasional advice but not nagging interference. The idea after all was to ensure that the company is driven by fresh energetic hands that can daringly steer an astute course for growth in a highly competitive field. Founder sentiments have their place but cannot be allowed to blind vision, to the detriment of stakeholders.
R Narayanan
Ghaziabad, Uttar Pradesh
It is unfortunate that what could have been handled within the four walls of a board room, has led to washing dirty linen in public. To a certain extent, at some point of time, the chief of the board admitted to some wrong-doing with an assurance of not repeating it. What Narayana Murthy wants is transparency, accountability and good governance. It would be ideal for Infosys to bring back Nandan Nilekani to walk the tight rope between the founders’ values and envisioning futuristic growth and governance.
RS Raghavan
Bengaluru
Murthy is giving the impression of a craftsman quarrelling with his tools. He will find it more difficult to get a really capable replacement. Whatever he does to salvage the image of the company will be inadequate.
YG Chouksey
Pune
Understandable apprehensions
The apprehension of some experts that the promoters of the 12 big companies which have been referred to the NCLT for recovery of dues to lender banks may try to manipulate the system is not misplaced. The investigating agencies must probe the diversion of funds, also check the sources of assets acquired in the name of the promoters as well as benami accounts, and their relatives’ assets. Where money has been siphoned off, the companies must receive stringent punishment. Courts should make it clear that their forum will not be misused by promoters trying to manipulate the system.
The challenge lies in finding assets that were not attached or known. Some assets might have created in foreign countries in others’ names All this is important because it should be ensured that the lending banks’ haircuts in these 12 cases must be minimum. Banks must not be jeopardised.
TSN Rao
Bheemavaram, Andhra Pradesh
Traumatic experience
As a victim of a rail mishap myself several years ago, I understand the mental state of those who miraculously survived the accident near Khatauli in UP leaving 25 people dead and several hundreds injured. It takes years to recover from such a traumatic experience. The fact that it appears to be a case of human error and ground-level lapses in maintenance is unbelievable. Close to 40 per cent of the Indian population is stated to be mobile at any given point of time and instances like these will badly shake their confidence. The railways should go slow on capacity building and invest more in safety measures. Instead of playing political blame games, the guilty should be brought to book.
Srinivasan Umashankar
Nagpur
Walk into a death trap
It is scary to be a pedestrian in India. They are dying unnoticed on the roads. After visiting couple of countries in recent years, I feel pedestrians are treated with scant care in India. Crossing the road is an ominous task. While in places such as Dubai, Bangkok, Singapore and Hanoi they are given enough rights, they enjoy right of way in the US and Europe.
Vivek Shukla
New Delhi
LETTERS TO THE EDITOR
Send your letters by email to bleditor@thehindu.co.in or by post to ‘Letters to the Editor’, The Hindu Business Line, Kasturi Buildings, 859-860, Anna Salai, Chennai 600002.