Last year too, Murthy and other co-founders including Nilekani, S Gopalakrishanan, S D Shibulal and K Dinesh had stayed away for the first time from the AGM
Murthy, a trustee of the Infosys Foundation, made these comments at a panel discussion with Business Standard
Terming the trend of no hikes for juniors and freshers as "worrisome," Murthy rued that the senior level people have been taking handsome hikes
The Infosys co-founder was speaking at the SRM University in Tamil Nadu
Twitterati praised them, saying that they led by example
Says core question still why Infosys board approved unprecedented severance payment agreement for former CFO
The Infosys board and Murthy have drawn battle lines, each standing its own ground on their stand.
Infosys founder N R Narayana Murthy has begun reaching out investors to explain his stand on the public battle with Infosys board and the management that led to the resignation of its first non-founder chief executive Vishal Sikka.The Bengaluru-based software major is the most liquid stock on the bourses, with institutional investors holding of over 64.17 per cent. While Indian investors, with LIC has a major shareholder has 9.63 per cent, Foreign Institutional Investors hold over 54.54 per cent stake in the company that saw its stock battered ever since the public fallout last Friday. The Infosys board and Murthy have drawn battle lines, each holding ground on their stand, even as the controversy has hit investors sentiments and employee morale in the company. Sikka resigned on Friday, with Pravin Rao, chief operating officer elevated as the interim CEO. Infosys is yet to begin a hunt for a replacement, which has to be completed before March next year, when Sikka, who now is the ...
Regret comes from his displeasure that board failed to uphold culture, values he established
N R Narayana Murthy, co-founder of iconic information technology (IT) exporter Infosys, has been an inspiration to generations. He tells youngsters: "In God we trust. Everybody else brings data to the table." Son of a schoolteacher, he never gives up on these lessons. The tussle between the founders and the board of the IT exporter that saw chief executive Vishal Sikka resign on Friday might have its seed in Murthy's trust in data over any individual. "The board (of directors) is profoundly distressed by the unfounded personal attacks on the members of our management team that were made in anonymous letters and have surfaced in recent months," said the company. "As the board has previously stated, a series of careful investigations found no merit to the unsubstantiated and anonymous allegations that had been asserted. The board denounces the critics who have amplified and sought to further promote demonstrably false allegations which have harmed employee morale and contributed to the .
Narayana Murthy had publicly criticised Infy for poor corporate governance.
Murthy had the longest run of about 21 years as CEO before passing on the baton to Nandan Nilekani