Infosys case
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Infosys case

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Infosys case Presentation Transcript

  • 1. About Infosys Infosys is provider of technology, engineering and outsourcing services. Infosys was co-founded in 1981 by N. R.Narayana Murthy, Nandan Nilekani and other management partners Its headquartered in Bangalore. It has offices in 30 countries Today, Infosys is a global leader in the "next generation" of IT and consulting with revenues of
  • 2. About Phaneesh murthy•Phaneesh murthy 38 years old man, the headof salesand marketing and communication and productservices division of Infosys•Phaneesh Murthy, the highest-paid employee ofInfosys, he used to take Rs.1.91 crore every
  • 3. About Reka Maximovitch Reka Maximovitch, an American citizen of Bulgarian descent. Reka Maximovitch was working as Phaneesh Murthys executive assistant. While she was facing sexual harassment from Murthy from october 1999 she was not reported,may be due to fear of social redicule or fear of losing her job. She was wrongfully terminated from job in
  • 4. Problems in the case Reka filed a complaint in Oakland,USA on 17 Dec’,alleging sexual harassment, unlawful termination against Phaneesh murthy. Infosys became entangled in the scandal, it is the first negative news about infosys since its inception. Murthy abruptly resigned from Infosys.Initially,Murthy refused to participate in the settlement initiated by infosys. Infosys ahead with the settlement without any contribution from murthy. Later on, He voluntarily signed the settlement and
  • 5. Why the things gone wrong Lack of corporate governance Infosys maintained a studied silence on the episode on the ground that the matter was subjudice. Media reports blamed Infosys for having kept the issue under wraps for a long time. The Company’s share price declined by 6.6percent soon after phaneesh left
  • 6. How the settlement went Giving details of the settlement, Infosys chairman and chief mentor N R Narayana Murthy told media persons that the company would be paying $3million to the accuser. Of this, Infosys would contribute $1.5 million while insurers would cough up the remaining $1.5million under the companys directors and officers liability insurance cover.
  • 7. Ethical or Unethical?
  • 8. Strategies need to adopt? A crisis brings out the best and wrost in any organisation,it is also true that a crisis provides a learning opportunity it.
  • 9. Conclussion