The more I decide to let Infosys be, the more it gets attention. These are spooky times for the managers; and they are not making it any easier for the company either. Desperate times, desperate measures; humans will be humans, don't they?
I don't have to elaborate much, other than quoting them in their latest 20 F filing:
Any sensible manager would have kept that thought in mind, if there was any, rather than in print. This is anyway noted well in both these articles. We don't know whether the squabble was worth it; we don't even know whether it is a squabble or a hammer on the nail. Instead of dealing with real risks haunting the business, the managers proceeded to demonstrate their comical side, which wasn't required in the present situation.
There is a way to end this game, I guess. Something that is subtly suggested in one of the articles above. Both the founders and managers can exercise their choices; it's a free market anyway. The manager's actions will be reflected in the way the business is run, and the stock prices follow it eventually.
If any shareholder has an issue with it, the first step is to connect with other shareholders who too are on the same page. Then this group can confront the board and management to replace the incumbents. There's really no point in expressing their views in the news media anymore. Enough has been said what looks like in vain.
There are views that the founder shareholders have no right to comment on how the business is being run. This is in fact both ludicrous and egregious. They should be reminded that the founders have not ceased to be the shareholders; and shareholders are owners of the business.
If war is not what shareholders want, they have an exit route available. Sell those shares, and look for a better business. It is a tough one for the founders, but probably should serve them well in the long run.
Now it is for the managers to show that they are neither desperate, nor demoralized. And let the markets decide in due course as to who the winner is.
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