ganeshran Posted May 21, 2013 Posted May 21, 2013 The board of iGate Corp, an information technology outsourcing services provider, has sacked Chief Executive Officer Phaneesh Murthy following an investigation into a claim of sexual harassment, the company said in a statement. The U.S.-listed company, which has bulk of its employees in India, has appointed Gerhard Watzinger as interim chief executive with immediate effect, the iGate statement said. "The board's decision was made as a result of an investigation by outside legal counsel, engaged by the board, of the facts and circumstances surrounding a relationship Mr. Murthy had with a subordinate employee and a claim of sexual harassment," the statement said. Murthy was a rising star at Infosys as California-based global head of sales before leaving in 2002 after a sexual harassment lawsuit against him and the company, which made headlines at the time and was settled out of court. http://profit.ndtv.com/news/corporates/article-igate-sacks-phaneesh-murthy-after-sexual-harassment-claim-322453?pfrom=home-lateststories
urbestfriend Posted May 21, 2013 Posted May 21, 2013 Phaneesh has some problems, a brilliant entrepreneur but same sh!t not happening again:headshake:
velu Posted May 21, 2013 Posted May 21, 2013 Outsourcing firm iGATE said it had sacked its top boss Phaneesh Murthy "for not disclosing a relationship with a subordinate" after investigating him for sexual harassment. playa :bow:
Prakat Posted May 22, 2013 Posted May 22, 2013 One of his old female colleagues said he was known as "travelling hands" back in 2005. Anytime a female employee traveled in the back seat of the car with him his hands would roam very freely around them.
Ram Posted May 23, 2013 Posted May 23, 2013 IT outsourcing company iGate Corp said it had sacked its chief executive, Phaneesh Murthy, for not disclosing a relationship with a subordinate after investigating one of the industry's best-known executives for sexual harassment So they sacked him because he did not 'disclose' his illicit relationship, but not for having the relationship itself? Does that mean as long as guys post regular updates on iGate's bulletin boards about who they are sleeping with, they should be ok? :hmmm:
punjabi_khota Posted May 23, 2013 Posted May 23, 2013 So they sacked him because he did not 'disclose' his illicit relationship' date= but not for having the relationship itself? Does that mean as long as guys post regular updates on iGate's bulletin boards about who they are sleeping with, they should be ok? :hmmm: Intra-office relationships are to be disclosed so that no conflict of interest issues come up. Basically, if the management knew, they would make sure the lady-du-jour was not being supervised by Phaneesh.
vvvslaxman Posted May 23, 2013 Posted May 23, 2013 So they sacked him because he did not 'disclose' his illicit relationship' date= but not for having the relationship itself? Does that mean as long as guys post regular updates on iGate's bulletin boards about who they are sleeping with, they should be ok? :hmmm: It is a standard policy for most companies.. It is not newsworthy. It became a news because of this guy's involvement. It is almost like saying XXXX fired because he was browsing porn. Happens all the time in so many companies..
ravishingravi Posted May 23, 2013 Posted May 23, 2013 It is a standard policy for most companies.. It is not newsworthy. It became a news because of this guy's involvement. It is almost like saying XXXX fired because he was browsing porn. Happens all the time in so many companies.. Not at his level, no.
FischerTal Posted May 23, 2013 Posted May 23, 2013 Araceli roiz claims she is pregnant with Murthy's child You ever heard of those rubber things phaneesh? :hehe:
ganeshran Posted May 23, 2013 Author Posted May 23, 2013 From the media reports, there was a sexual harassment complaint against him filed by Rioz. But the reason given by the board was the failure to disclose the relationship.
diga Posted May 23, 2013 Posted May 23, 2013 his wife too is from IIM & why does she put up time & again with this s hi t?
Debutant Posted May 23, 2013 Posted May 23, 2013 This guy was fired from Infy for this same reason IIRC and Infy had to pay $3 mill and he does this again :facepalm:
vvvslaxman Posted May 23, 2013 Posted May 23, 2013 This guy was fired from Infy for this same reason IIRC and Infy had to pay $3 mill and he does this again :facepalm: once you are into it you are not going to give it up easily lol here is another example http://www.indiancricketfans.com/showthread.php?t=291503
ravishingravi Posted May 24, 2013 Posted May 24, 2013 his wife too is from IIM & why does she put up time & again with this s hi t? What has that got to do with IIM I wonder aloud ?
Sachin=GOD Posted June 18, 2013 Posted June 18, 2013 Phaneesh Murthy sex scandal: Class action lawsuit filed against iGate NEW DELHI: Outsourcing firm iGate has been slapped with class action lawsuit in the US for alleged violations of federal securities laws in view of its sacked CEO Phaneesh Murthy's "improper relationship" with a subordinate employee. The suit has been filed on behalf of persons or entities who purchased or acquired securities of iGate between March 14, 2012 and May 21, 2013. The New York-Based law firm, Pomerantz Grossman Hufford Dahlstrom & Gross LLP, filed the class action lawsuit against US-based iGate Corporation and some of its officers in the US District Court of Northern District of California on June 14. According to the law firm, the complaint has alleged that throughout the class period, defendants (iGate) had made materially false and misleading statements regarding its business, operational and compliance policies. "Specifically, defendants made false and/or misleading statements and/or failed to disclose that" (i) the company's Chief Executive Officer and President 'Murthy' was involved in an improper relationship with a subordinate employee in violation of iGate's explicit policies to the contrary. "(ii) Murthy's improper conduct created a risk that he would be terminated from the company, jeopardising the company's future success." iGate had sacked Murthy on May 20 for allegedly failing to report a relationship with a subordinate employee. The suit has been filed to recover damages against the firm and some of its officers and directors on account of alleged violations of the federal securities laws pursuant to Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. "The class action, filed in United States District Court, Northern District of California, and docketed under CV 13 2737 PSG LHK, is on behalf of a class consisting of all persons or entities who purchased or otherwise acquired securities of iGate between March 14, 2012 and May 21, 2013 both dates inclusive," the law firm said in a statement. It further added that the action seeks to "recover damages against the company and certain of its officers and directors as a result of alleged violations of the federal securities laws pursuant to Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder." When contacted, an iGate spokesperson said: "We believe that this claim has no merit, and we intend to vigorously defend this action. No other similar claims have been filed." On being asked whether there was a lapse on its part in hiring Murthy, who was earlier involved in a similar controversy, the spokesperson said iGate investigated the sexual harassment claims made against him before his joining. "Murthy was part of the management team acquired with the Quintant acquisition. Prior to the acquisition, iGate conducted due diligence into the prior sexual harassment claims made against Mr Murthy. A subsequent inveiGatestigation was conducted by one of our major shareholders," he added. http://timesofindia.indiatimes.com/tech/tech-news/software-services/Phaneesh-Murthy-sex-scandal-Class-action-lawsuit-filed-against-iGate/articleshow/20649530.cms
Recommended Posts