The recent turmoil in Infosys has put the company on a sticky wicket.The resignation of their CEO Vishal Sikka has put the Board of Directors in a fix.The clash of words between Sikka & Narayana Murthy should have been resolved indoors, not going public.
The board members are in favour of Sikka.There were war of words exchanged between Sikka & Narayanamoorthy and involving the media doesn’t augur well for clients and stakeholders.The Infosys shares plunged to a low after the news, and sent the Sensex nosediving.I recalled satyam days where the share plunged on Ramalinga Raju delcaration.
Hopefully all issues are sorted out and the company should be back to post 2010 days.