The entire business world is talking about the Satyam fraud story these days. I've read numerous articles about it in the last few weeks and the one stands out - A story on Outlook Business
It talks about why there is an entrepreneurial failure happens in Indian IT sector. Nice article comparing the business practices at various IT companies in India. The article talks about how Cognizant crossed their US$ 1B mark and MindTree - started by 10 professional in early 90's - heading towards it through exceptional quality of corporate governance. The single point of learning from these companies is that "get a highly qualified and experienced executive team to do the job for you and let the founders stay away and watch the company growing"
The article also talks about what is common with Satyam, DSQ Software, Pentamedia Group, and Silverline technologies. All of them did fraudulant activities headed by their repective founding members and get cought by the investor community / government.
Recommended article to read. Go on...
