Large institutional investors, proxy advisory firms, brokerages, top executives at the company and some of the company’s 200,000-odd employees have the same question: why did the board of Infosys decide to release the now infamous, six-page note blaming co-founder N.R. Narayana Murthy for chief executive officer Vishal Sikka’s resignation?
After the initial days spent digesting news of the CEO’s abrupt decision to quit, the events in the run-up, and the consequent Rs33,074 crore loss in market value since Friday, these stakeholders are now asking why the board lashed out at Murthy. Questions are being asked about whether R. Seshasayee should continue to remain chairman of the board. And several investors have written or are in the process of writing to the board asking it to sort things out with Murthy.
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