Trend Guru

There were unconfirmed reports that Satyam Computers founder and chairman Ramalinga Raju had resigned from the board. When contacted, a Satyam spokesperson said: "We are still awaiting news from the management. We will let you know once there is an announcement to make."
Incidentally, a Satyam board meeting is scheduled for December 29. According to analysts, Mr Raju's resignation wouldn't make much of a difference to investors. "He is not to be blamed alone...the responsibility lies with the entire board. It was a unanimous decision and this board is in no place to decide on the issue," said Prabhudas Leeladhar analyst Apurva Shah.

Source : Economic Times