Close X
Monday, February 17, 2025
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

Navjot Sidhu Asks Badals To Speak To Him Directly Than Through Workers

Navjot Sidhu Asks Badals To Speak To Him Directly Than Through Workers
Says Badals were responsible for the state not being in a position to run major projects, like Smart City, Swachh Bharat, AMRUT and BRTS

Navjot Sidhu Asks Badals To Speak To Him Directly Than Through Workers

AAP Dissolves Block-Level Units, State Panel In Punjab

AAP Dissolves Block-Level Units, State Panel In Punjab
As of now, only two office-bearers hold their posts — Bhagwant Mann as state president and Aman Arora state co-president.

AAP Dissolves Block-Level Units, State Panel In Punjab

Patient's Relative Stabs Male Nurse With Scissors In Mumbai

Some staff members came to the nurse's rescue before Lote could do more damage.

Patient's Relative Stabs Male Nurse With Scissors In Mumbai

11 Indian-Americans Feature In Forbes's List Of Best Venture Capitalists

11 Indian-Americans Feature In Forbes's List Of Best Venture Capitalists
  The list has been topped by Jim Goetz, Partner in Sequoia Capital. He retains the top spot three years after the monumental sale of messaging giant WhatsApp to Facebook for nearly $22 billion.

11 Indian-Americans Feature In Forbes's List Of Best Venture Capitalists

Elderly Couple Held Captive At Home, Money And Jewellery Worth 3 Lakh Robbed

Elderly Couple Held Captive At Home, Money And Jewellery Worth 3 Lakh Robbed
The couple's elder son stays in the US and their younger son is away in Bengaluru for some work for the last one month, police said.

Elderly Couple Held Captive At Home, Money And Jewellery Worth 3 Lakh Robbed

Adiyogi Bust Enters Guinness World Records

Adiyogi Bust Enters Guinness World Records
The bust of "Adiyogi," which was unveiled by Prime Minister Narendra Modi on February 24, has now become the worlds largest such as certified by Guinness World Records.

Adiyogi Bust Enters Guinness World Records