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

Nothing Sweet About It: Chandigarh's Poor Have More Diabetics Than The Rich

Nothing Sweet About It: Chandigarh's Poor Have More Diabetics Than The Rich
First it was the bitter news of losing its second slot among the top 10 cleanest cities in the country. Now, Chandigarh has to live with the harsh reality of the not-so-sweet truth of having the highest incidence of diabetics.

Nothing Sweet About It: Chandigarh's Poor Have More Diabetics Than The Rich

India Denies Permission To Sikh Delegation To Visit Pakistan

India Denies Permission To Sikh Delegation To Visit Pakistan
The Pilgrims Were Going To Pakistan To Observe The Death Anniversary Maharaja Ranjit Singh, The Founder Of The Sikh Empire

India Denies Permission To Sikh Delegation To Visit Pakistan

Administration Pulls Down Hoardings Renaming Mewat Village After Trump

Administration Pulls Down Hoardings Renaming Mewat Village After Trump
Questioning the authority of the NGO for changing the name of the village, the local administration repainted the recently-erected signboards which had caught media attention.

Administration Pulls Down Hoardings Renaming Mewat Village After Trump

15-Year-Old 'Raped And Made To Consume Poison' By Uncle In Gurgaon

15-Year-Old 'Raped And Made To Consume Poison' By Uncle In Gurgaon
The Millennium City was left terrified yet again as a 15-year-old girl, a Class X student, was raped and murdered by her uncle who allegedly consumed poison when police reached to arrest him.

15-Year-Old 'Raped And Made To Consume Poison' By Uncle In Gurgaon

Haryana Girl Manushi Chhillar Is Femina Miss India World 2017

Haryana Girl Manushi Chhillar Is Femina Miss India World 2017
The 54th Femina Miss India World 2017 winner is Manushi Chhillar from Haryana, while the first runner-up is Sana Dua from Jammu and Kashmir and the second runner-up is Priyanka Kumari from Bihar.

Haryana Girl Manushi Chhillar Is Femina Miss India World 2017

'Single Lady Not Allowed,' Hotel Told Indian Woman. Her Story Is Viral

'Single Lady Not Allowed,' Hotel Told Indian Woman. Her Story Is Viral
A Bengaluru woman who was denied room in a Hyderabad hotel because she was a 'single' lady, on Monday said the hotel authority blatantly denied her services without giving pertinent explanation.

'Single Lady Not Allowed,' Hotel Told Indian Woman. Her Story Is Viral