Narayan Murthy is making a mountain out of mole.
If we compare the hike in salary of Praveen Rao with the industry peers, it is not very high.
So, I do not think he is making any valid point. To say now that we always took very low salaries and all that is all humbug.
Those were the different days and he had huge amount of shares in the company. So it suited them to not to debit profit and loss account with high salaries.
But things have changed, Praveen is not a founder, Praveen is a professional who is being paid based on his professional competencies and what peer compensation packages would be.
This is a very uncalled for debate and mudslinging which Mr Murthy has unnecessarily got himself entangled in.
I am pained actually to see his email.
He has used I, me and myself 23 times.
Is this becoming of a leadership that you keep on talking about? I did this, I did that, it was me, it was my decision, what is it? Where are we on this?
You have done your good job, you are leaving legacy behind. Leave it and go ahead in life and look at many more things than engaging yourself into Praveen’s salary. Why does he go on saying we do not like this kind of salary to be paid?
Leave it to Vishal Sikka, leave it to Seshasayee, leave it to the company. They will decide what has to be done.
You have done your job for almost close to 30 years, you came back, you were there for one year, you again went back, you again engaged.
In February you called truce and said “I will not go into public and talk about it, if there is any differences we will settle within”.
Then what happens?
Just Praveen’s salary has become a big issue for you to write a huge mail to the media and saying that I am not approving it.
This is completely, highly unbecoming of a leader like Mr Narayana Murthy. I hope and pray wisdom will prevail and he will not again engage into these kind of things-said Anil Singhvi
5 replies on “Narayan Murthy should shut up”
I fully agree with the author. NRN should shut up and let professionals run Infosys. Problem is the ego of the promoters who cannot let go their control on the company. If promoters are not happy with some professional, let them fire the professional rather than creating ruckus in the public domain.
I agree I hope better sense prevails…
Can’t help thinking that Mr Murti should not go down in reputation of a gentleman, of a mature intellectual mind that we all respect…..like we did for Manmohan Singh is his earlier years.. NO Sir !
Check charts on this link.
In 2011, Narayana Murthy stepped down from the company’s board.
Its interesting to see that in following 6 years company’s stock performed badly vs other peer companies like TCS, HCL Tech, TechM. Whereas, during 2007 to 2011 all were in complete sync.
https://indiaequityanalysis.wordpress.com/2017/04/03/infosys-be-watchful-for-the-companies-where-torchbearer-are-changing-hands/
I agree with Mr.Murthy. How correct is to take 60/70% hike in pay. We all know how major IT companies collude to offer lower(by lower I mean much lower) salary/hike to entry-level/middle level employees. In such a case, if senior management people hikes his/her salary by a whopping 60/70%, how is it justified? One can argue about the nature of work senior management people do, but I think every employee in any organization gives his/her 100% to the job.