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Feb 6, 2009

Kiran Karnik appointed Satyam chairman

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Kiran Karnik has been appointed as the Chairman of scam hit Satyam Computers, says P C Gupta the Corporate Affairs Minister to media. This is the latest development in the Satyam's case. The board members have appointed A S Murty as the CEO of the company on Thursday.

The appointment of CEO and Chairman would held the shock to gain market sentiments. There were reports that the share of Stayam sore by four per cent after the board members named the CEO of the company.

Another major development in the Satyam case is that the company has got approval of Rs 600 crore. Now the board members may have wide option to run the company properly and to pay the salaries to its staff.


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