Hyderabad:
Ramalinga Raju dreamt big. He wanted his name in history books as one of the doyens of Indian IT.
The Indian School of Business, one of the top B-schools in the world, has made that dream come true, though not in a way Raju would have liked.
Raju, who used to be on the 30-member governing council of the institute, will find his name in this prestigious business school as a case study in the curriculum from the next academic year for whatever went wrong in Satyam.
",This will be a strong case study. You find that there was family interest in diversification, the family had huge growth ambition. Then you find the company's promoters apparently have shown lack of governance principles in terms of applying and seeing these are two different entities with multiple stakeholders,", said K Ramachandran, Associate Dean, ISB.
The ISB, in fact, will be hosting a conference on family-run businesses in February in which one of the topics interestingly will be the role of independent directors.
ISB's former dean, Prof Rammohan Rao, was one of the independent directors on the erstwhile Satyam board.
Ever since the December 16 Satyam Board meeting that okayed the takeover of Maytas firms, events at Satyam have cast a shadow over the ISB with Prof Rammohan Rao quitting as dean of the institution this month.
",Three months back, if somebody had said Ramalinga Raju is on your board, you would have said 'Oh Wonderful'. But we were just innocent victims in the crossfire. It does feel bad that your name is unduly dragged in,", said ISB Dean Ajit Rangnekar.
But there is some cheer amidst the gloom as well. ISB has been ranked number 15 in the global B-school rankings released by Financial Times, London. It is the only Indian B-school in the top 100 list.
The Indian School of Business, one of the top B-schools in the world, has made that dream come true, though not in a way Raju would have liked.
Raju, who used to be on the 30-member governing council of the institute, will find his name in this prestigious business school as a case study in the curriculum from the next academic year for whatever went wrong in Satyam.
",This will be a strong case study. You find that there was family interest in diversification, the family had huge growth ambition. Then you find the company's promoters apparently have shown lack of governance principles in terms of applying and seeing these are two different entities with multiple stakeholders,", said K Ramachandran, Associate Dean, ISB.
The ISB, in fact, will be hosting a conference on family-run businesses in February in which one of the topics interestingly will be the role of independent directors.
ISB's former dean, Prof Rammohan Rao, was one of the independent directors on the erstwhile Satyam board.
Ever since the December 16 Satyam Board meeting that okayed the takeover of Maytas firms, events at Satyam have cast a shadow over the ISB with Prof Rammohan Rao quitting as dean of the institution this month.
",Three months back, if somebody had said Ramalinga Raju is on your board, you would have said 'Oh Wonderful'. But we were just innocent victims in the crossfire. It does feel bad that your name is unduly dragged in,", said ISB Dean Ajit Rangnekar.
But there is some cheer amidst the gloom as well. ISB has been ranked number 15 in the global B-school rankings released by Financial Times, London. It is the only Indian B-school in the top 100 list.
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