Surprising, but true!

Today I got to know an interesting point about Satyam.

Now, now…Satyam has got nothing to do with Real Estate (or has it LOL), but I am still reading and writing on it as I have somewhat developed an interest in the company’s affairs of late.

Not that I wasn’t interested in it, for I was a regular user of it’s service Sify Broadband, before I decided to discontinue it after facing innumerable problems. In fact, calling it slow would be an understatement.

Before I tell you what the interesting point is let me just talk about the service itself. Last night, while chatting away with my neighbour, I said, “Its service is terrible and worst it’s expensive.”

But he disagreed saying, “Please don’t say that, it’s not so bad after all.”

He explained, “Its Internet service was initially started for cyber cafes, but was gradually put for personal use. That’s when the problem started.”

I would still say that the service is over priced.

Now that the monkey is off my back, let’s touch up that interesting fact.

Amidst all the humdrum about it’s founder Ramalinga Raju arrested and charged, and the board of directors sacked only to be replaced by government functionaries, in came an interesting observation – it was about their acting-CEO Ram Mynampati.

Here’s what…Mynampati, now being questioned by SEBI, earned more than Raju.

His total package last year was over Rs 3.5 crore, 80 per cent more than Raju.

What say?

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