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Indeed, to understand the evolution that led to Tuesday's announcement, it is worth returning to the 2005 negotiations in which GM was forced to buy itself out of the cumbersome put option in its alliance with Fiat. The then brand-new CEO of the Turin company, Sergio Marchionne, emerged as a tough-as-nails dealmaker as he sat across the table from top GM executives. The Italian-born, Canada-raised Fiat chief told his American counterparts they would cough up the full value of the put option or battle it out in court. GM blinked, and the huge payout...
...Given that many of Satyam's customers may not renew orders and that some belt-tightening will be inevitable, at least some employees will have to go. Kris Lakshmikanth, CEO of Bangalore-based the Head Hunters India, says they will most likely be phased out. Most vulnerable are up to 15,000 employees who are paid on a project-by-project basis, he says...
...breaking down. "The younger segment, with zero to five years of experience - for them the loyalty factor doesn't work anymore," he says. "They follow the big bucks. I think if they had a choice, a larger percentage [of Satyam employees] would like to bail out." E. Balaji, CEO of Ma Foi Management Consultants, says the uncertainty of the job market may be a deterrent. "People who joined the workforce from roughly 2004 onwards assumed everything would only go up," he says. "They saw real estate, stocks, salaries going up, and forgot that there's something called a business cycle...
...said the company was approached by a potential buyer. Board members insist the company has solid cash flow and can continue. Yet with fresh revelations about Raju's alleged malfeasance surfacing every day - the latest, that he deleted all his e-mails from his final month as CEO - there are fears that the company's liabilities may be so high that it may be forced to fold by the end of the year. Whether, and in what form, Satyam will survive remains to be seen. But at least for now, its employees are safe...
Sami Khoreibi couldn't stop beaming at his company's work. The baby-faced CEO of Enviromena Power Systems, Khoreibi started his business just a little over a year ago. Now he was standing over a 10-megawatt solar farm in the desert outside Abu Dhabi, with row after row of solar panels angled to the Middle East sun like bathers lying poolside. The solar farm was the first tangible evidence of Abu Dhabi's Masdar City, a $22 billion project that is planned to be the first zero-carbon footprint, totally renewably powered settlement - a monument...