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“Yes, we can,” new CEO tells staff

business Updated: Feb 07, 2009 09:51 IST
Ashok Das
Ashok Das
Hindustan Times
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Satyam Computer Services marked another step forward in its makeover after being hit by a fraud with its new chief executive, picked up from the ranks, boosting the confidence of more than 50,000 employees with a pep talk.

Murty held a review meeting with top executives. He spoke to key clients, and then made a Webcast to employees.

"I have no misgivings about the enormity of the task in front of us, but together with my colleagues, I am confident that we can accomplish the impossible," he said, as he reiterated his aim to have 30, 60 and 90 day plans to put the company back on its rails.

"Infusion of the funds comes at a right time and is likely to help Satyam tide over the present financial crisis. The company reiterated that the salaries for January and the fortnightly salary for February have been met from its internal accruals," Murty said.

On customers, he said though a few had left, the company was in the process of turning an important corner and starting anew after a “baptism by fire.”

Satyam shares registering a four percent gain to close at Rs 48.10 on Friday in what looked like a vote of confidence to the new CEO.