Rajiv Bansal: Infosys' $200 million Israeli software company Panaya is in the eye of the storm - News Summed Up

Rajiv Bansal: Infosys' $200 million Israeli software company Panaya is in the eye of the storm


One, did the deal have Bansal’s sign-off ?Two, did it comply with all due diligence norms to ensure there were no conflicts of interest? He has been at absolute liberty to do so.”“In the case of Bansal’s severance, due process was followed, necessary approvals were taken and disclosures were made. At Infosys, Sikka has hired several ex-SAP executives like Michael Reh, Ritika Suri and Abdul Razack. You should talk to the board.”“In retrospect, you can argue that it (the severance package) was larger than it should have been. It was a judgement that we made at the time, it was done over a two-day period that was intense.


Source: Economic Times February 12, 2017 19:34 UTC



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