TECH PHOENIX

'This book is a must-read for all those interested in corporate governance, whether practitioners,academics, students or policymakers.'-Kiran KarnikOn the morning of 7 January 2009, India and the global IT community watched in horror as a letterwritten by the chairman of Satyam Computers, B. Ramalinga Raju, flashed on all news channels.The tech czar confessed to fixing the books for years together, audits notwithstanding. This led toa host of consequences-Satyam stock prices crashed, its large employee base was deeply affected,and most importantly, India's reputation as a premier IT service provider was sullied.However, the story does not end there. In fact, The Tech Phoenix: Satyam's 100-Day Turnaroundonly begins at this point. The government swiftly stepped in and nominated a board, with leadingfigures from various fields. T.N. Manoharan, one of these board members, narrates the events ofthe tumultuous 100 days immediately following Raju's letter, in what is the fastest turnaround incorporate history.This remarkable corporate rescue operation is an engrossing story that culminates in the selectionof an investor who infuses capital and takes control. It offers an insider's account of the detailedplanning and dedication that resurrected a fallen but storied company, and the lessons learnt in theprocess of protecting the interests of the stakeholders-employees, investors and customers-andredeeming India's global image.