The Tech Phoenix

The book covers the Satyam Computers scandal in 2009, with the chairman admitting to financial fraud. It describes government intervention, a 100-day turnaround by a new board, and the company''s revival with investor backing. Lessons on stakeholder protection and India''s global image restoration are emphasized.

"This book is a must-read for all those interested in corporate governance, whether practitioners, academics, students or policymakers.'' ”Kiran Karnik On the morning of 7 January 2009, India and the global IT community watched in horror as aetter written by the chairman of Satyam Computers, B. Ramalinga Raju, flashed on all news channels. The tech czar confessed to fixing the books for years together, audits notwithstanding. Thised to a host of consequences”Satyam stock prices crashed, itsarge employee base was deeply affected, and most importantly, India''s reputation as a premier IT service provider was sullied. However, the story does not end there. In fact, The Tech Phoenix: Satyam''s 100-Day Turnaround only begins at this point. The government swiftly stepped in and nominated a board, witheading figures from various fields. T.N. Manoharan, one of these board members, narrates the events of the tumultuous 100 days immediately following Raju''setter, in what is the fastest turnaround in corporate history. This remarkable corporate rescue operation is an engrossing story that culminates in the selection of an investor who infuses capital and takes control. It offers an insider''s account of the detailed planning and dedication that resurrected a fallen but storied company, and theessonsearnt in the process of protecting the interests of the stakeholders”employees, investors and customers”and redeeming India''s global image.