Yahoo! News reports that Satyam Computer Service’s Chairman has resigned after admitting to falsifying results.
It always fascinates me how some companies can get away for years with this kind of thing, then fold like a deck of cards when the economy takes a downturn.
Somebody wise once told me (they were talking about small business partnerships) that things always tend go smoothly when everyone is making money. I guess a recession just does a better job of highlighting underlying flaws in an organization that were always there.