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Jonah Creighton A

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Governance Failure at Satyam

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Satyam Computers Systems Ltd is a company that came into being in India in the year 1994. The company started off with the aim of providing computer hardware and software to the IT sector. The company then expanded its services to the domains like software, IT infrastructure, consulting, and digital transformation services. Satyam Computers is one of the oldest IT companies in India with an estimated 48,000 employees worldwide. Satyam was ranked as India’s fifth-largest IT services provider in 2016

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One of the greatest corporate frauds of the last decade took place at the software giant Satyam. The fraud was the brainchild of a company CEO, Ramalinga Raju, who used the power of his position in the organization to create a phony profits that masked deep accounting errors. Satyam was built on a reputation for honesty and accountability, a legend of the IT service industry. But in 2008, that reputation started to crumble. In 2008, Satyam was listed as

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Satyam Computer Services (SBC)—the second largest public-sector company in India—is currently under scrutiny after being reportedly hit by a scandal where company management and audit authorities allege that SBC is running a Ponzi scheme, embezzling funds, and over-committing itself to customer orders. While much has been written about the company’s financial performance, the crisis seems to be centered on the question of whether the company can continue to operate as it is currently structured. SBC’s financial situation, and the company’

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In 2009, the Satyam Computers Ltd. (Satyam), a company owned by Charan Singh (Chairman) started trading at an all-time high of Rs 3,295 per share. However, soon, the company found its fortune dwindling. The turnover of Satyam went down to 5% of what it had been in 2005. By September 2010, the company’s stocks stood at a depressing Rs 1000, and

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Satyam Computers, a leading Indian Computer hardware manufacturer, is one of the top-selling companies in the world. This company had acquired numerous foreign companies to diversify into the global market. Satyam was a pioneer in India in setting up and maintaining a global presence in technology with a focus on R&D, design, and sales. Satyam had invested heavily in the research and development of information technology, making it India’s largest computer company. In 2009, the US company IBM acquired the company. However,

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Governance failures at Satyam were a warning sign. The audit failures have left questions that need to be answered. Even if Satyam’s management is able to rectify the situation, there will be significant reputational damage. Satyam will be struggling with its image, and its share price will continue to decline. There is a risk that there could be further damage if the audit is not fixed. The audit failures are likely to be the last nail in the coffin of Satyam’s credibility, and the

Raksul

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Raksul is a world-renowned brand of high-end lingerie, available in over 180 locations globally. The brand’s name is an acronym of ‘Relax & Satisfy’ – the brand’s key value proposition. Raksul’s luxurious lingerie line features innovative designs for every woman – from simple and understated to bold and provocative. The company, founded in 1984, is based out of the UK and now has over 55 distribution centers,

Audioteka Go Global or Not

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IBM Newco A HighStakes Spinoff

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Veeva Systems Transformation to PBC

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First, Veeva’s transformation to PBC was a very tough choice. We had to replace all existing software. We had to migrate thousands of customers, and all our operations would become much more complex. At the same time, we had a lot of customers we couldn’t offer products anymore. For example, in the U.S. The company had 200,000 people using our products. We also had 40,000 customers in Europe, but we couldn’t provide any products to Europe because Veeva is U

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SG Cowen New Recruits

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Machine Learning Bias Algorithms in the Courtroom

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Jan Swartz Steering Princess Cruises Through the COVID19 Crisis 2020

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Jan Swartz is the legendary CEO of Princess Cruises. Princess Cruises is a cruise-ship company based in California. The COVID-19 pandemic has ravaged many parts of the world and hit Princess Cruises very hard. But Princess Cruises has been working hard to ensure the health and well-being of their guests and crew members. Jan Swartz played a vital role in overcoming this pandemic. Jan Swartz is a legend of the cruise-ship industry. She is the CEO of Princess Cruises, a cruise

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As the world struggles to cope with the COVID19 pandemic, Princess Cruises has been working 24/7, and Jan Swartz (Chief Executive Officer), one of the leading cruise executives in the world, has been steering the ship. At the beginning of the pandemic, Princess Cruises cancelled all of their sailings from the end of March, which included all of their luxury cruises, because it was difficult to manage health and safety concerns. However, the company has now resumed their cruises with strict gu discover this