Close X
Saturday, November 23, 2024
ADVT 
India

Narayana Murthy Says Regret Quitting As Infosys Chairman

IANS, 17 Jul, 2017 11:37 AM
  • Narayana Murthy Says Regret Quitting As Infosys Chairman
Opening up about his biggest regrets - personal or professional, he recounted that "a lot of my founder colleagues told me not to leave Infosys in 2014, to stay a few years".
 
N R Narayana Murthy on Monday said he regrets quitting as chairman of Infosys in 2014 and should have listened to other co-founders of India's second largest software exporter firm and stayed on.
 
Mr Murthy, who had infamous run-ins with the current management led by Vishal Sikka over corporate governance issues, however said he did not miss being in the campus daily.
 
Opening up about his biggest regrets - personal or professional, he recounted that "a lot of my founder colleagues told me not to leave Infosys in 2014, to stay a few years".
 
"Generally, I find that I am a very emotional person. A lot of my decisions are based on idealism and probably, I should have listened to them," he told CNBC TV18.
 
However, Mr Murthy did clarify that he did not miss being in the campus daily.
 
In 2014, 33 years after starting Infosys, Mr Murthy bid farewell to the company he had set up with six other co-founders.
 
 
 
Mr Murthy had the longest run of about 21 years as CEO before passing on the baton to Nandan Nilekani and then S Gopalakrishnan and S D Shibulal. In October 2014, former SAP board member Vishal Sikka took over as CEO.
 
Mr Murthy, by then, was serving a second stint at Infosys as Chairman. While he was appointed as Chairman Emeritus with effect from October 11, 2014, Mr Murthy turned down the offer.
 
However, over the last few months, Mr Murthy has been very vocal in criticising Infosys management on a slew of issues, including alleged lapses in corporate governance, CEO salary package and severance pay to former employees.
 
In the interview, the IT veteran termed the listing of the country's second largest software services firm on Nasdaq as his biggest success story.
 
"I think sitting on those high stools at Nasdaq when we got listed, when we became the first Indian company to be listed on Nasdaq, and borrowing the words of Neil Armstrong to say that it is a small step for Nasdaq, but a giant leap for Infosys and the Indian software industry. I think that was the best," he said.

MORE India ARTICLES

Men Do Not Commit Suicide, Says Minister Maneka Gandhi On Facebook

Men Do Not Commit Suicide, Says Minister Maneka Gandhi On Facebook
According to the National Crime Records Bureau, as many as 1,33,623 suicides were reported in the country in 2015, of which 68 per cent were committed by men.

Men Do Not Commit Suicide, Says Minister Maneka Gandhi On Facebook

Seven-Month Pregnant Woman Killed As Husband Pressed Her Stomach To Force Foetus Out: Punjab Police

Seven-Month Pregnant Woman Killed As Husband Pressed Her Stomach To Force Foetus Out: Punjab Police
Manjit Kaur’s father Ravinder Singh told the police that on Monday someone from the village told him about hearing Manjit’s cries in the night.

Seven-Month Pregnant Woman Killed As Husband Pressed Her Stomach To Force Foetus Out: Punjab Police

SIKH Store Owner Goes Viral In UK After Changing Its Name To 'MORRISINGHS'

SIKH Store Owner Goes Viral In UK After Changing Its Name To 'MORRISINGHS'
Jel Singh Nagra, 42, changed the name of his convenience store in West Allotment, North Tyneside, after Sainsbury's said its original name, Singhsbury's, was too similar to its own branding. 

SIKH Store Owner Goes Viral In UK After Changing Its Name To 'MORRISINGHS'

NOT IN MY NAME': Filmmaker's Facebook Post Brings Hundreds To Protest Mob Lynching In India

NOT IN MY NAME': Filmmaker's Facebook Post Brings Hundreds To Protest Mob Lynching In India
Shabana Azmi, Konkona Sen Sharma among participants

NOT IN MY NAME': Filmmaker's Facebook Post Brings Hundreds To Protest Mob Lynching In India

Indian Travellers Can Now Get Expedited Entry Into US

Indian Travellers Can Now Get Expedited Entry Into US
Besides those in the US, the airports at Dublin in Ireland, Vancouver and Toronto in Canada and Abu Dhabi are also on the list.

Indian Travellers Can Now Get Expedited Entry Into US

Azam Khan Levels Rape Allegations Against Army Jawans, Says Women Cut Their Private Parts In Revenge

Stoking yet another controversy, Samajwadi Party (SP) leader Azam Khan on Wednesday made serious allegations against the Indian Army.

Azam Khan Levels Rape Allegations Against Army Jawans, Says Women Cut Their Private Parts In Revenge