Article: All-out war at Infosys hits Vishal Sikka; Narayana Murthy would have done well not to have gone public
That Infosys should be rocked by discord with founders making public their displeasure over corporate governance at the firm is unfortunate. Any concerns about the mismanagement by the board, or the remuneration committee, should have been addressed in private. Dissenting—or venting—in public is unprofessional. Indeed, hinting about the possibility of the severance payments being ‘hush money’ are serious and Infosys founder NR Narayana Murthy would have done well not to have talked about this in the media. To be sure, the board needs to explain why the severance payout for former CFO Rajiv Bansal—and others—was so much higher than usual. Murthy must be true to his current status, that of a mentor and father figure for the IT industry. Lamenting the lack of corporate governance or discussing the concerns of employees in public helps no one, it only vitiates the atmosphere.
There is a professional CEO in place to run the business and he must be given a free hand. Employees must approach Vishal Sikka with their concerns and Murthy must allow Sikka to deal with them. Perhaps Sikka doesn’t run as tight a ship as his predecessors did but as long as he delivers on his targets—which are incredibly tough—there should be no carping about his remuneration. The CEO has enough to deal with given this is arguably the most challenging time ever for the sector given events such as Brexit and the new visa policies in the US which will work against Indian IT services providers.
By all accounts, institutional shareholders have appreciated Sikka’s efforts to revamp Infy’s business model to make it a stronger and more relevant player. Indeed, he should be congratulated for having put Infosys back on track; under the watch of two of his predecessors—incidentally both founders—Infosys’s performance had slipped badly with the stock price (adjusted for splits/bonus) slipping to levels of R740 in June 2014. In the two years after Sikka took over in August 2014, the Infosys stock gained 71%, hitting a high of R1,267 in June 2016. Few shareholders questioned Narayana Murthy for having appointed certain founders to the top job; they were clearly not competent for the role and were unable to build on Infy’s leadership in the marketplace even when the environment was far less challenging than it is today. Murthy should leave the running of Infosys to the CEO and the board and respect their decisions.
HomeOpinion All-out war at Infosys hits Vishal Sikka; Narayana Murthy would have done well not to have gone public.
All-out war at Infosys hits Vishal Sikka; Narayana Murthy would have done well not to have gone public.
Murthy must be true to his current status, that of a mentor and father figure for the IT industry. Lamenting the lack of corporate governance or discussing the concerns of employees in public helps no one, it only vitiates the atmosphere.
To be suggesting—if at all he did—that his idea of a visa-independent global delivery model is not being pursued actively by the current management is unfair. Indeed, the founders of Infosys, who together hold just short of 13% of the company’s equity, must learn to let go; they are welcome to their rights as shareholders. Some of them have been asking for the cash on the company’s books—$5 billion or so—to be returned by way of a dividend or a buyback. This paper has argued that the cash is better off in Infy’s bank account and will come in handy if an acquisition is to be made. More than ever before, the company needs a war chest to combat increasingly tough times.
1. Discord (noun) (असामन्जस्य): Discord refers to the disagreement between persons or things.
Synonym: Dissonance, disharmony, tumult, cacophony
Antonym: Accord, concord, harmony, agreement
Sentence: The marital discord between them prompted them for divorce.
2. Dissenting (verb) (असहमत): Dissent is a strong difference of opinion on a particular subject.
Synonym: Disagree, balk, demur, buck
Antonym: Accept, consent, concur, ratify
Sentence: The opposition was always dissenting about the Lokpal bill in the parliament.
3. Venting (verb) (निकास): Venting is to give free expression or freedom to let go something.
Synonym: Emit, unleash, utter, ventilate
Antonym: Conceal, deny, keep, suppress
Sentence: After venting out his anguish, he kneeled down and hugged his weeping wife.
4. Severance (noun) (विच्छेद): Severance is the action of ending a connection or relationship.
Synonym: Autopsy, bisection, demarcation, disjuncture
Antonym: Closure, combination, attachment, juncture
Sentence: Due to the sudden exit of the company, the management vanished without paying the severance dues to employees.
5. Lamenting (verb) (विलापी): Lamenting is to express sadness or feeling sorry about something.
Synonym: Sobbing, regretting, mournful, unfortunate
Antonym: Applauding, rejoicing, celebrating, joyful
Sentence: The parents were lamenting the death of their beloved daughter.
6. Vitiates (verb) (दूषित करना): Vitiates is to make something less effective or spoil the quality of something.
Synonym: Annihilate, negate, quash, abrogate
Antonym: Allow, permit, affirm, establish
Sentence: Sudden rain vitiates the entire match.
7. Carping (adjective) (दोष ढूंढना/ मीन मेख निकालना): Carping is someone who is difficult to please.
Synonym: Bellyaching, caviling, disparaging, grousing
Antonym: Complimentary, forgiving, charitable, uncritical
Sentence: The celebrity has silenced the carping critics with her commendable performance in this film.
8. Discord (noun) (मत-भेद): Discord is a disagreement between people.
Synonym: Noise, dissonance, tumult, clamor
Antonym: Accord, concord, harmony, agreement
Sentence: The music, which was playing in the background, faded in discord.
9. Buyback (noun) (वापसी खरीद): Buyback is buying back of goods by the original seller.
Synonym: Compromise, concession, grant, privilege
Antonym: Denial, difference, disputation, repudiation
Sentence: You cannot buyback the sick units as it is not profitable for the business.
10.Combat (noun/verb) (संग्राम): Combat is to fight or contend against.
Synonym: Conflict, contest, encounter, skirmish
Antonym: Agreement, harmony, surrender, retreat
Sentence: The government is taking strict actions with the view to combat drug trafficking.
Question (1-5): Answer the following as directed
1. Find out the words which mean the same as ‘rocked’(चट्टान/ शिला)
Solution: Option (1)
Explanation: The given word refers to something which is a relatively hard mineral material. From the above-given options, option (1) is a right choice as the synonym of the word.
2. Find out the words which mean the same as ‘remuneration’ (पारिश्रमिक)
Solution: Option (4)
Explanation: The given word refers to the money which is being paid for work or a service. Hence, from the given options, option (4) is the correct choice as the synonym of the word.
3. Find out the words which mean the same as ‘predecessors’ (पूर्वज)
Solution: Option (2)
Explanation: The given word refers to something which is succeeded or replaced by something else. So, from the given options, option (2) is an apt choice as the synonym of the word given in the options.
4. Find out the words which mean the same as ‘equity’ (सामान्य शेयर)
Solution: Option (3)
Explanation: The given word refers to the quality of being fair/impartial or it also refers to the value of the shares issued by the company. So, from the given options, option (4) is the right choice as the synonym of the word given in the options.
5. Find out the words which mean the same as ‘institutional’ (संस्थागत)
Solution: Option (2)
Explanation: The given word is related to an organization, establishment or society. Hence, from all the above options, option (2) is the right choice as the synonym of the word given in the options.
Word of the Day
Meaning (English) – is a person who destroys religious images
or attack their beliefs or institutions.
Meaning (Hindi) – रूढ़िगत विचारों का विरोधी
Synonyms – Heretic, dissenter
Antonyms – Believer, manufacturer
Example – His Iconoclast movies was criticized all over.
उदाहरण – उनकी रूढ़िगत विचारों वाली फिल्म की सबने आलोचना की थी।