They are a harried lot, and the abyss to which their founder chairman pushed them last month still has not found any bottom. There are reports of a few of them trying to take the extreme step to end the nightmare they are living through. Some of them were shot at in foreign land. None of them are sure about when their next pay packet comes. Many are running from pillar to post to find a new job even at a lesser salary. The cup of woes of the `Satyamites? and their families are filled to the brim.
But, as the old saying goes, when the going gets tough, the tough gets going. And the tougher among the Satyamites, who still have that fire in their belly, have finally decided to take their destinies into their own hands instead of waiting for an unknown angel – say government or another big player?to save them from their current plight, if the contents of a website?bailoutsatyam.com – hosted on the popular blog wordpress.com – are anything to go by.
Although some of the postings on the website were cries for help or giving up the fight types, many gives very valuable tips to save their once-revered company from the mess. The strategy going forward, according to the website, is that the Satyamites should pool their resources and buy a majority stake in the company. ?If each one of the 53,000 employees invests Rs 30,000 in Satyam stock they will get 10% of Satyam stock. Are you willing to manage your company?? asks the website.
The country?s fourth largest technology outsourcing firm currently does not have any major stakeholder other than diversified conglomerate L&T. And a 10% stake would take the staff as a single group to the top of the list of shareholders of the firm.
More, many are seeing the current crisis as a god sent opportunity to take Satyam to new highs. This one, in fact takes the cake. ?Hi everybody?, begins one of the comments: ?Believe it or not, I see a great future in Satyam. There are many reasons for the same. New directors, all are names that will rocket the growth of the company. HDFC Bank chairman is on board, so no problem about funds. Even if there is reduction in sales figure after the balance sheet is restated, the company will get a whooping Rs 2,000 crore from Income Tax Department. More so ever, people like me will buy the shares of Satyam and show confidence in the company. The government won?t let the company fail because, it is an IT Icon for India and Satyam shutting down will put India to shame. Infosys and TCS are in support to make Satyam recover, this is why Infosys is not recruiting Satyam employees?. According to analysts the improvement in the moral of the employees is a very positive development for the company at this point in time. It shows that all is not lost for the company and with a good management team and eminent members on the board of directors to guide, there is still a hope that Satyam could be revived, they feel.