Corruption in Tough Times

Reading the recent timelines have given me such headaches lately.  This is the story of Satyam, one of the largest outsourcing companies in India. The CEO just announced that he falsified for quite some time now that the company had assets equal to $1 Billion, when as a matter of fact, there are no such assets. This company has hired over 50,000 employees, and it will be a tough time ahead for them. I for one, find this outraging. How can someone just “say” that they have so much money, especially when being audited by a respectable firm in PricewaterhouseCoopers? There is something wrong in the world today, when morals fly right out the window and lying becomes part of business. Perhaps I am naiive at such an early age, but I do believe in doing the right thing. In this case, one person will cause pain for many in turn. Shame on him.
You can read the article on the NYtimes site at: http://www.nytimes.com/2009/01/09/business/worldbusiness/09outsource.html