When you see your long cherished value systems being thrown to dustbin, you have to stand up and express anguish, Infosys co-founder Narayana Murthy says
He lamented the Indian trait of trying not to “displease” anybody even when much needed.”If you look at what is happening in different parts of the country today, it is time that we, especially the youth, stood up and say this is not the kind of the country our forefathers had got the freedom for,” he said during a panel discussion at St Xavier’s College in Mumbai.
Talking about his spat with Vishal Sikka, Infosys’ first non-promoter chief executive who quit in 2017, he said he had to speak up when he saw core values of the IT giant being thrown into the “dustbin”.
Murthy referred to Sikka’s confrontation with him and other promoters, without naming him, when asked about the concerns he had expressed about the way Infosys was being led after his retirement.
“However, when the question of value systems we had built for over 33 years making huge sacrifices (came up), when you see those value systems being thrown to dustbin, then automatically the leaders in our society and country have to stand up and express their anguish and disappointment,” he said.
“Otherwise we would have allowed those mistakes to continue. (In) 2014 CEO (Sikka) was given 55 per cent hike on (salary of) 7 million USD….COO (then Chief Operating Officer Pravin Rao) was given 30 per cent hike. No middle-level fellow was given any salary increase,” he said.
“Therefore, if somebody like me who built the company from scratch with the help of six junior colleagues, if I don’t stand up for the erosion of the value systems, then I would have failed in our duty singularly,” Murthy added.
If the core values of Infosys such as “leadership by example, fairness, transparency, accountability” were “thrown to the dust, then you have to stand up and voice your anguish and disappointment”, he stated.
Sikka quit in 2017 after almost a year of public dispute with Murthy and other promoter shareholders.