Satyam Saved!! Well Done Corporate India...

"All that the Enron website will tell you is about the efforts of the Enron Creditors Recovery Corp's efforts to reorganise and liquidate the remaining operations and assets of Enron''. Ditto with lehman.com or lehmanbrothers.com. It just tells you that the company has filed for bankruptcy protection, and then there are links to other sites that help you understand the state of ‘‘disposition of businesses and subsidiaries'' of the company.

Satyam's website in contrast, is refreshing. Despite having been hit by India's biggest corporate scam over three months ago, it still presents a business-as-usual look. The home page has the latest announcement of Tech Mahindra emerging the highest bidder for the company. There's a congratulatory message from Kiran Karnik, the chairman of the board. There's a comment from Justice S P Bharucha, certifying that the bid process was fair, transparent and open. And beyond that, it's all the things you would expect to find in any IT company's website.

In other words, the Indian government and industry have reason to pat themselves on the back for pulling Satyam out of what once looked like certain disaster — for ensuring Satyam didn't go the Enron or Lehman way. And that indeed is what many of them are now doing.”