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Vishal Sikka's Infosys exit: Boards must listen to shareholders or make way

There is enough reason why Vishal Sikka ought to have heeded the requests from Murthy and others

Vishal Sikka, Infosys, N R Narayana Murthy
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File photo of Vishal Sikka (left) with Infosys co-founder N R Narayana Murthy

V K Sharma
Infosys board on Friday was all praise for the outgoing CEO for the services rendered. We differ in our assessment.
 
Though Vishal Sikka delivered better than the industry results, he misled small investors and didn’t measure up to the largest group of shareholders – the erstwhile promoters who collectively still hold 12.75 per cent in the company.
 
Let me come straight to the point. On the parameters of per-employee revenue and per-employee Ebita, Infosys did better than the industry. So he delivered on that front. The employee morale was also high. There was a fall in employee attrition