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

H S Phoolka Quits As Leader Of Opposition In Punjab Assembly

H S Phoolka Quits As Leader Of Opposition In Punjab Assembly
Aam Aadmi Party leader H S Phoolka on Tuesday resigned as the Leader of Opposition in the Punjab Assembly so that he can represent victims of the 1984 anti-Sikh riots in courts.

H S Phoolka Quits As Leader Of Opposition In Punjab Assembly

Captain Amarinder Singh Seeks PM Modi's Help To Boost Punjab Industry

Captain Amarinder Singh Seeks PM Modi's Help To Boost Punjab Industry
At a meeting with Prime Minister Narendra Modi, Punjab Chief Minister Captain Amarinder Singh also sought the centre's support for resolution of the agrarian crisis in Punjab

Captain Amarinder Singh Seeks PM Modi's Help To Boost Punjab Industry

Delhi Man Rapes 8-Yr-Old Minor In Front Of His Teenage Daughter

Delhi Man Rapes 8-Yr-Old Minor In Front Of His Teenage Daughter
The man, Amit, is a widower and stayed with his two daughters in a rented house. On Friday, he took his daughter to a park where the victim was playing with her friends. 

Delhi Man Rapes 8-Yr-Old Minor In Front Of His Teenage Daughter

Rights Body Directs J-K Govt To Pay Rs 10 Lakh To Man Used As 'Human Shield'

Rights Body Directs J-K Govt To Pay Rs 10 Lakh To Man Used As 'Human Shield'
The State Human Rights Commission has directed the J&K government to pay compensation of Rs 10 lakh to the ‘human shield’ victim from Budgam district in central Kashmir and also file the compliance report in the case.

Rights Body Directs J-K Govt To Pay Rs 10 Lakh To Man Used As 'Human Shield'

Terror Attack On Amarnath Yatra, 7 Killed, 14 Injured

Terror Attack On Amarnath Yatra, 7 Killed, 14 Injured
The bus was attacked in Batengoo around 8.20 p.m. while returning from Baltal to Mir Bazar after darshan, J&K police and CRPF said. 

Terror Attack On Amarnath Yatra, 7 Killed, 14 Injured

Fire Breaks Out At Mukesh Ambani's Antilia Building

Fire Breaks Out At Mukesh Ambani's Antilia Building
The blaze started on the 6th floor of the 27-storey building owned by the Ambanis on Altamount Road at around 9:10 pm, the Disaster Control Room of the Brihanmumbai Municipal Corporation (BMC) said.

Fire Breaks Out At Mukesh Ambani's Antilia Building