Leaving Infosys is like daughter's marriage: Narayana Murthy
Leaving Infosys to NR Narayana Murthy was like parents sending away their daughter after her marriage, the founder and outgoing chairman has said in his last letter to the company's shareholders.india Updated: May 18, 2011 22:05 IST
Leaving Infosys to NR Narayana Murthy was like parents sending away their daughter after her marriage, the founder and outgoing chairman has said in his last letter to the company's shareholders.
"The best analogy that I can think of for this separation between Infosys and me is that of one's daughter getting married and leaving her parents' home," Murthy said.
Having nurtured the IT firm for the last 30 years, Murthy would be succeeded by eminent banker KV Kamath as Infosys' chairman with effect from August 21 and would thereafter become chairman-emeritus.
Murthy went on to say that he had to go through tough times explaining to his son and daughter about whom he loved more — Infosys or the family.
"When I was spending 16-hour days in the office and was away from home for as many as 330 days in a year, it was hard for my children to believe in my commitment to the family," he said.
Possibly hitting towards the recent incidents when two directors, K Dinesh and TV Mohandas Pai, resigned from the company, Murthy said: "Being accused of violating our own high standards of business ethics recently made me lose several nights of sleep".
Pai had reportedly said that he did not agree with the company practice of seniority getting a priority over meritocracy in deciding the leadership team.
"Occasional incidents of the organisation turning bureaucratic, the inability of some of our leaders to take quick and firm decisions, and the government-company interface becoming less business-friendly from time to time are things that make me sad," said Murthy.
First Published: May 18, 2011 22:04 IST