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Prasthanam - Movie Review
Posted by Satya at 8:10 PM 0 comments
Labels: Movie Reviews
Lies, Damn Lies and Accounts
2009 could not have started on a worse note. S Ramalinga Raju, one of the torchbearers of Indian Outsourcing story admitted to his board of serious fraud, cooking up numbers and bloating the balance sheet and profits over a long period of time. Together with the ban by the World Bank for data theft, the botched Satyam-Maytas deal, this completes the cycle of bad news for Satyam. This is fraud of monumental proportions, at the very top of one of India's most successful IT services companies and can only be compared to what happened over at Enron. This is without doubt corporate India's biggest fraud ever. That S Ramalinga Raju, one of India's most respected entrepreneurs could resort to such tactics comes as a blow to the image of promoter led companies in India. But more surprising is how he duped investors, regulators and his own employees consistently over a period of time. I deliberately missed adding auditors in that list. Auditors cannot be duped, auditors are not supposed to be duped. PWC, as lead auditors of Satyam were supposed to have caught these lies, but they did not. If they were complicit (like Arthur Anderson have been in the Enron crisis), then their image will take a blow and they too have to face the legal system in India and US (where Satyam is listed). But if they are not complicit, and have also been duped then it raises serious questions on their competence. Especially because, auditors are expected to do audit confirmation directly or indirectly, by checking with the company in question as well as other external sources like their bankers, customers etc. That such fraud of monumental proportions missed the auditors cannot be digested. The fiasco comes as a blow to the Indian IT services and Indian companies in general especially since most are promoter led. Only now have companies which were started as entrepreneurial ventures or family owned businesses (or where promoters hold majority stake) are going in for professional managements, which is accepted the world over as a good way to avoid governance issues. Corporate Governance has always been a sticky issue in India, but to see a company that has been given an award for Best Corporate Governance to admit such wrong doing is not palatable at all. The role of regulators has been questioned by some of the media, but there is precious little regulators can do if CEOs lie through their teeth. Indian laws may be inadequate in this respect, but Satyam is listed on NYSE and hence is supposed to be compliant of SOX, but even with those checks they managed to getaway. This issue also tarnishes the reputation of Indian IT companies, since they have more often than not chosen to take moral high ground and endeavored to distinguish themselves from the manufacturing sector. A lot of people have been let down by Ramalinga Raju, his family, Satyam investors (both in India and abroad), Satyam's clients, his board etc. But the people who would feel the most cheated would be Satyam's employees, those unnamed thousands who slog day in and out in an industry which is now facing the brunt of an economic slowdown. They now face uncertainty, tough questions (from their peers and most importantly their clients) and a tense few months ahead. Satyam might be prime target for an acquisition now, with its share price at an abysmal low, but the question is if anyone would dare buy a company deep in losses, straddled with a large workforce and uncertainty over engagements with new/existing clients. For Indian IT companies, Satyam would not be of much value add since it would be like buying more of the same, there is absolutely no difference between Satyam and other Indian IT companies in terms of engagements, process lines, domain expertise and geographical footprint. It will be a tough few months ahead. Hope Satyam's employees do not have to bear the burden of their top management's greed and inefficiency. This unfortunate crisis proves that there are no holy cows in business. And there could not be a greater irony that the CEO and founder of a company whose name means Truth lied through his teeth.
Posted by Satya at 10:33 PM 0 comments
Labels: Opinion
A hundred 9/11s
The nightmare has finally come to an end. 60 hours, almost 200 casualties, 500 odd injured, millions of dollars lost, a city wounded, a nation shaken and a world shocked. The terrorists are all dead, the drama on TV is over and Mumbai is limping back to normalcy. What caught my attention is how the media (both Indian and Intl) is dubbing this India's 9/11. But then India did have many more terrorist attacks, so why point this out as our 9/11. The international media can be forgiven for not taking note (or not giving as much importance) of these other acts of terrorism, but surely the Indian media should know better. The argument goes that while we had other acts of terrorism, only this one caught the imagination of the world for its barbarity, cold bloodedness and ingenuity. The response this time has been of even more anger, pain, accusations and demand for answers. But the fact is that each one of those acts of terror over the past 15 years (and more so over the course of 2008) hurt! The fact is that we had a hundred 9/11s. And we were hurt and angry for each one of those! And we demanded answers and action from the Govt for each one of those! But precious little was done or learnt from the terror strikes, apart from the fact that we learnt we are a weak state and a soft target. The post-mortem has now begun for this 9/11, by the Govt, the opposition, the media and the people. Heads have rolled, the much reviled Shivraj Patil has finally resigned, and so did the chief of IB and the Home Secretary. Chidambaram is the new Home Minister and I am sure the other posts would be filled soon. As many would argue these are mere symbolic gestures and unless we see more systemic changes there is every chance that we will keep having these 9/11s. So what needs to be done? Where are the faults? I am no expert in these matters. I am just an ordinary average Indian, and the immense anger that welled up in me after the audacious attacks made me write this. I am totally pissed off and so are millions of Indians. How dare they attack my country like this? If our political masters feel half this anger, things will be better. There are experts out there who can provide better and more actionable suggestions. Take their help, pay them if you want, ask the help of our allies who would be very obliging if asked. All this would cost money and take time to be put in place. But then this is a matter of national security and the citizens of this country will not mind paying for this. So tax us, put surcharges but in the end of the benefits would be worth it. Indians have long given up the hope that their elected representatives would make their lives better, provide them with social security, food security, energy security, good roads, portable drinking water, good education, employment opportunities etc. It might sound fatalistic, but Indians have more or less stopped expecting their own representatives to provide these. They decide to get these things on their own, make a decent life of their own and provide for their families. They move across the country in search of livelihood, taking in stride all the prejudice, parochialism, regionalism, religious divide, casteism and all such despicable things drummed up by the politicians. They fight all these and the system to just get ahead in life. All they are asking is to provide security, security that while going out to work or an outing with their family, someone doesn't come up and pump a dozen bullets and blow up the train they are travelling in. Infact every Indian knows that its impossible for the Govt to provide this security, but they would be happy if the intent was there.
Posted by Satya at 10:28 PM 2 comments
Mumbai, Bleeding!
Posted by Satya at 10:50 PM 0 comments
Labels: Thoughts
Jimmy Boy - Part 3
After a few years in Guntur our family moved to Vijayawada, as Mom got a job as a lecturer in a famous college. We sold our house and moved lock, stock and barrel to Vijayawada. This was the turning point in Jimmy's life as we had moved into a house which had 2 other portions. This meant Jimmy had to be kept on leash lest he wandered into the neighbour's area and relieved himself. He immensely disliked it having enjoyed unimaginable freedom for the first 10 years of his life. He barked for days on end, tugged at the leash and made several futile attempts to chew away the leash. To ease his pain we made a longish leash which ensured he could wander till the confines of our house. He got used to this over the months but he still severely missed the wide open yard, his old pals – the garden lizards and the butterflies.
In the first few days though he was the cynosure of all eyes because of his unique looks and mixed heritage. Since he was put on a leash and had little freedom, me and my brother and occasionally Dad took him out each morning and evening on a tour of the colony. It gave him an opportunity to meet the neighbourhood dogs and sniff new scents. He and the other dogs were on quite friendly terms and I should say this veteran was quite a hit with the females (of both species, dogs and humans). Which brings me to his sex life, which I should sadly admit was non-existent till then! I was in my teens then and understood that all animals had such wants and wondered if this celibate would ever have that opportunity. I never dared suggest this to Dad though.
Then one day, Jimmy disappeared. His leash was torn and he wasn't to be found anywhere. We searched the neighbourhood on bicycles and those who knew us and Jimmy if he was seen anywhere, but to no avail. Then word came through a domestic help who works in another part of the region that he was spotted there. We rushed ther but again he managed to elude us. We came back with heavy hearts fearing that he ran away from us, which was very difficult to digest. Mom sent us to School so that we would put it behind us but it was impossible to pay any attention to what was happening. We went back home in the evening and found that he hasn't returned yet. We quickly set out in search of him again. Just as we came out of the house, we saw him in a distance, dragging himself back. He looked very tired and ragged but I was sure I saw a look of immense satisfaction on his face. He drank a lot of water and ate whatever Mom gave him. We were all of course thrilled that he was back with us! I did not realise it at the moment but when I later thought about it I hoped he found the only thing missing from his life till then, which i mentioned above! That probably explained the look of satisfaction I saw on his face. The grizzly veteran finally did it (hopefully)!
It was amazing that he lived so long. By 1996 he was 14, a rare age for a Dog. Age mellowed him and also ravaged his body. He lost most of his brownish mane was his skin was a mass of open wounds. He lost his appetite and eyesight. He would frequently bump into the wall or the bushes while walking. He developed fits later on and it after that he refused to come out for walks and rarely ventured out of his kennel. We took him to a Vet who was amazed that he lived so long and advised us against any medicines as he was very very old and should be allowed to die a natural death. We considered mercy killing but were not able to bring ourselves to do it.
It was March 10th 1996. The Cricket World Cup was on and India was playing Pakistan in a tense Quarterfinal match at Bangalore. The whole of India was watching it with bated breath as India riding on a Jadeja onslaught on Waqar posted a challenging total for Pakistan. We were watching the match in the neighbouring house at our relatives place, Anwar and Sohail started in a superb fashion. Everyone was fearing the worst and there was silence in the room. Since we were just next door we heard Mom calling us. Looking from the gate I feared the worst as Dad was bringing a rickshaw and mom was standing there sobbing. Jimmy had died a few minutes back. Me and my brother sobbed uncontrollably. We buried him in an open field nearby.
By the time we came back, word had spread that Jimmy died and the neighbours and our relatives congregated to offer their condolences and console us. Our relatives took us with them thinking the cricket match would help divert attention. Venkatesh Prasad clean bowled Aamir Sohail (the famous incident that is recounted by every cricket fan, wide eyed) and the room erupted. It was probably the only time we dint cheer when India did well in a cricket match.
Posted by Satya at 12:25 AM 1 comments
Labels: Memories
Jimmy Boy - Part 2
He loved splashing himself in puddles of water after a strong spell of rain and cover himself with mud, but it wasn't as though he particularly liked water. If he suspected that we were going to give him a bath, he would run away. We had to corner him, avoid his teeth and leash him to get him a bath. Since we stayed in the tropics, we would typically use the cold water from the well, drawing it out using a long bucket and dumping buckets upon buckets of water upon him. He would bear this for a while (perhaps secretly enjoying the cool water from the well), but just as we were thinking that he was taking this lying down, he would shake himself and drench us in water. His mane would stand up all over him and once finished, he would give us a long satisfied triumphant yelp.
As for his dislikes, it included any foreign creature invading his territory. One of Jimmy's favourite pastimes was to sit near the gate and peep from the grill and 'greet' anyone walking on the street. He particularly disliked the early risers from the neighbouring labour colony who attended calls of nature early in the morning. But anyone trying to squat anywhere near the vicinity of the house was scared away by a ferocious volley of abuse from Jimmy. It amused Dad a lot as he unsuccessfully tried to shoo them away from doing the disgusting thing near our house.
Dogs love food and it was probably his bad luck that he was adopted into a Telugu Brahmin household. During the initial years in the Old house his chances of eating meat were few and far between as there was no one who could buy meat and feed it to him. It was still socialist India where you couldn't go to the local Hypermarket and buy Dog food off the shelf. His luck improved when we moved into the new house. We had a domestic help whose responsibility it was to buy meat every Sunday and feed Jimmy. Needless to say Jimmy saw the lady as an Angel.
Posted by Satya at 12:22 AM 1 comments
Labels: Memories
Jimmy Boy - Part 1
Jimmy was snatched away from his family at a tender age and forced to live with another, of a different species. But there was no way he was going to know it or realize it. As far as he was concerned we were his family and our home was his home. And he proceeded to show it in the strongest possible ways. Like roaming all over the house and marking his ‘territory’! Like yapping at everything inside the house that he dint like. That included immovable objects and sometimes moving things like my brother’s cradle. So my parents' daily duties included cleaning after my brother and Jimmy.
The only time he used to behave himself was when my paternal grand mom used to read out Sanskrit slokas from the Bhagavadgita and other hymns. He used to lie at my grandma’s feet with his head between his legs and seemed to listen to everything she said with rapt attention. My granny used to teach me all the stories from the Ramayana, Mahabharata and other Puranic Stories. And I used to enjoy these and clamored for more. She could understand the enthusiasm and curiosity of a 2 yr old kid. But the attention and apparent interest of a Dog was something she fancied a lot. But his intransigences with his calls of nature became too much for the collective patience of the family. Moreover, he refused to learn the art of dashing out at the right time. Hence he was banished into the open.
My father’s reasoning was that he was getting bigger and needed more space to roam around. And wasn’t ‘security’ part of his duties. He believed that Jimmy should start behaving like a grown-up. The first few nights were painful for him, the family and the neighbours. He yelped all night and proceeded to sleep only in the mornings. But like any other dog, he got used to it with time. Part of the reason was that he had a huge open field to explore. Within no time, he knew he was the king of the yard. He chased after butterflies and hunted garden lizards and barked at crows perched over the compound walls. But he had a special bond with a band of monkeys that terrorized the neighbourhood. These monkeys would descend on the colony and create havoc by shattering the street lights and also the neighbourhood peace, eating the fruit in gardens and attacking anyone who dared to question their activities.
As I said they had a special bond with Jimmy. They liked nothing more than irritating him. It was a well planned and precisely executed operation, which had to be seen to be believed. All the monkeys would perch on the well in our garden and taunt Jimmy, while Jimmy tried desperately to get anywhere near them. Suddenly one of these apes would stealthily approach Jimmy from behind and pull his tail and before the dog could even turn his head, the monkey would scamper back to the safety of the wall. It used to drive Jimmy crazy, but all he could do was bark, run around the well and jump at the simian creatures. Once the monkeys were tired of the games they would take leave of their buddy and retreated into the next row of houses leaving Jimmy barking after them.
As he grew up, he quickly became aware of my dad's contention that security was part of his duties. The only problem was the definition of security was never clearly explained to him, so he proceeded to create his own definition. So anyone without a security clearance were strictly forbidden from entering anywhere near his vicinity. This applied to lizards, crows, his monkey pals and neighbours he dint like. He took exception to anyone outside the family standing in front yard and chatting away. He would walk around them and mark them as part of his territory. It was as though he was saying “Go inside and talk or stand outside the gate and talk. You stand in my yard and talk, you end up as my territory! You will be marked with my hybrid pee”
A few of the neighbours were at the wrong end of this treatment, but instead of getting angry at him, they reminisced about it fondly. In fact soon they started comparing notes and those who weren't touched by his mighty pee were deemed unfortunate. But as I said, he did take his security duties very seriously and managed to scare away a thief or two, as vouched by the next door neighbours. In fact whenever they went out of town, Jimmy was made aware so that he could keep an eye on the neighbour's house.
When he was about 6 (and I about 8) we moved to our own house in a different area. He strongly disliked this change of place and dashed back to the house when we were transporting him in a rickshaw. He felt insecure and scared and rightly so! However once he saw the new house, he fell in love with it. It had an even bigger yard and a lot more creatures to pester. He missed his simian friends, but loved the high grass, into which he would disappear for long hours. Once again he was the King, of a different jungle though! So it dint matter to him one bit that we moved to a new place.
The previous house was part of a residential neighbourhood and there was very less chance of the yard being infested with snakes. So we were allowed to roam freely in the old yard. But the new house was something else, it was surrounded by open fields and so snakes became regular visitors inside the house. Again, it was Jimmy to the rescue. I have lost count of the number of times he found snakes hidden under a pile of stones or a bush or a thick outgrowth of grass. If he was found barking for a few minutes at an apparently harmless stone, the message was that there was something lurking underneath. Immediately the local snake charmer was summoned, who happily extricated the unsuspecting snake and reward Jimmy with a pat on his head.
Me and my brother (we dint have many friends in the deserted colony) used to play cricket in the big yard and Jimmy would keep watch. He wasn't allowed near the ball. Now we were only two of us and would have loved the extra fielder, but it doesn't help if the said fielder runs away with the ball, does it? So he would just totter in the area sulking. But sometimes being a nice boy was too much for him. My brother would play a sumptuous straight drive and the ball appears headed towards the boundary, when Jimmy would appear out of nowhere, execute a Jonty style dive and make away with the ball. It used to take us a while to retrieve the ball after which we would have a long argument whether it was a boundary of not.
Posted by Satya at 12:14 AM 0 comments
Labels: Memories
Horn OK Please
Inspired from the experiences of director Joel Simon in Mumbai, the short animation feature, created by Irish and Indian animators using clay models and hand drawn backgrounds won several awards. Mixing brilliant animation with a taut script and wonderful background score, the short film is a striking advertisement for short animation features.
Read more about the film and one of its creators, Vaibhav Kumaresh - an NID Ahmedabad alumnus, here.
Posted by Satya at 10:07 PM 1 comments
Trivius
This format of quizzing is the latest fad on the internet. Remember to read the rules carefully and check out the Avenues blog as it has some pretty nice clues, in case you get stuck, which I promise you will. The quiz has apparantly already been cracked, but dont let that stop you. It can be quite addictive once you crack the initial few rounds. And oh, I am not even halfway through yet!
Posted by Satya at 8:19 PM 0 comments