Today morning as I was driving to my workplace in Bangalore, I was taking a left turn at the T-junction. At the same time another car from the opposite side of the road at the same place was taking a right turn, which meant that we would have arrived at the turn at the same time. Meanwhile at Zebra crossing on the junction across the breadth of the road where we were turning a man was crossing the road rather running to the opposite side. All it took for both me and the car driver was a split second to analyze what the situation was and react accordingly. I braked and slowed down my turn, so did the car driver and the man crossed safely.
My question is if our normal brains can process information so fast and can act accordingly to take take us to safety how come all the brains in a big corporation like Satyam muck up the finances over a 4-5 year period without anybody realising what was happening?
I find it absolutely incredible that the whole host of jokers from the directors (independent or otherwise), COO, Finance guys and PWC were unaware of a massive scam being perpetrated.
What I feel sorry for in this whole episode is the lakhs of rupees lost by the small investors and the jobs of the 53,000 employees at stake. These investors and employees have families and extended families dependent on their salaries. This one scam has put a lot of livelihoods at stake.
Also as I was driving to the office I was thinking about the IT employees and their lifestyle in general. Today the younger generation with skills have started earning big salaries and leading a lifestyle befitting the salary. You can see them having 1-2 cars same goes for the houses. Of course all this is on loan and when the recession hits or something like the above-mentioned scam happens these guys are left in lurch with nowhere to turn. All these things happen because they have not initiated any saving measures when the going was good.
Now coming to my situation, I’m close to 40 years. All my life I have been an average middle class person. I have worked in some of the top-notch companies of India and also spent around 5 years in Dubai. I have never been too ambitious, always contented with the current situation. I have of course changed jobs when opportunities presented themselves for a hike in salary. I have been steady, concentrating more on investments like buying a house, saving for the future (read old age) all the while leading a very average life. Leading a average life means shunning too much expenditure on luxuries, not going on costly vacations, postponing the purchase of a car, etc..
My question is whether I’m wrong? The rest of world around me seems to zip past like a Ferrari overtaking a moped and attaining goals which seem like unachievable dreams. Am I wrong somewhere for being contented and peace with my situation or is the rest of the world wrong? Of course I do realize the cost borne by these young guns for leading such a life.
Also please note this is not a case of sour grapes, jealousy or envy. This is just a honest question for which I can’t find any correct answer, from the depth of my heart, which I hope you will shed some light on.