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.