I t’s a bromance gone awry. An internecine feud involving whistle-blower complaints, allegations of financial malpractice, abdication of fiduciary responsibilities, a patriarch who refuses to quietly walk away into the sunset, a divided board, external and internal turmoil, executive exits, angry denunciations and power grab. The goings-on at India’s second largest IT service exporter would make for a splendid soap opera plot line.
Often called iconic, the industry’s bellwether and many such sobriquets, Infosys is facing an unprecedented crisis after its first non-promoter CEO and MD of the company, Vishal Sikka, resigned over what he called “false, baseless, malicious and increasingly personal attacks… amplified by the very people from whom we all expected the most steadfast support...”
The accusations were around alleged kickbacks received and paid, nepotism, extravagant expenditure and…
