So here we go again: another day, another scandal and this time from
India no less. If what we read from the reports is to be believed, then
this S$1.5 billion Satyam corporate scandal is huge relative to the GDP
of India.
Last Friday over dinner, a friend told me that when
the river runs dry and the tide goes out, we will see who really is
naked. How true. As it turns out, this Satyam river of supposed
abundance, distinguished board members and corporate governance awards
notwithstanding, was truly naked.