News: Why & how iGate made an error in hiring Phaneesh Murthy as CEO

C-Suite

Why & how iGate made an error in hiring Phaneesh Murthy as CEO

You have to be lucky to be Phaneesh Murthy. Everyone makes mistakes the first time. But then, no one really lands up as a CEO and face of a company so quickly, within 18 months of being booted out by a blue-chip company, as Murthy did back in 2002, an Economic Times report said.

You have to be lucky to be Phaneesh Murthy. Everyone makes mistakes the first time. But then, no one really lands up as a CEO and face of a company so quickly, within 18 months of being booted out by a blue-chip company, as Murthy did back in 2002, an Economic Times report said.

So, here's a question no one's asking: did iGate make an error of judgement in hiring Murthy? Probably it suited a fledgling iGate back then to hire a talent like Murthy. No problems if Infosys sacked him. Having learnt the tricks of the trade at the market bellwether, it was quite easy for Murthy to rebuild battered image via a start-up, Quintant Services, which he sold to iGate and became the boss. At that time, no one questioned the iGate board's judgement.

Read the full report here

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Topics: C-Suite, #Updates

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