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Satyam CEO Steps Down Over Serious Accounting Irregularities

By Chris Gomez - Posted on 08 January 2009

Chris Gomez - Engine Alpha - Image of Ramalinga Raju - Satyam CEO - 2009

Image credit: Found on BBC News - Link -

Just found out a few hours ago Ramalinga Raju, Chairman of Satyam Computer Services Ltd, just resigned. Apparently after admitting that the corporation's accounts had exaggerated its cash reserves to be some US$1 billion.

Hmmm... I wonder what Ernst & Young and their entrepreneur award arm have to say about this :)

You can get more information on this if you click on this link: Satyam India CEO Resigns 2009

I googled "Satyam CEO Resigns 2009" to get the link above.

Other alternatives I'd suggest:

"Layoffs! Layoffs! Layoffs!"
"Not Another Accounting Scandal?!?"
"Entrepreneur Schmentrepreneur"
"OK. So, Where Am I Gonna' Go Get Work Now?"          <-- Riiiiiiiight.
"The Idiot Who Lost All My Money"
"Ponzi, Madoff, Raju, Laurel, Hardy"

Hey, the sky's the limit. Be creative.

And while you're at it, go cook your books with the help of your CFO and a reputable (or not!) accounting/audit firm.

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