On August 18, Infosys Ltd CEO Vishal Sikka abruptly resigned. The board of Infosys released a letter blaming founder and former chairman NR Narayana Murthy for Sikka’s exit. As I write this article, the Infosys stock has crashed 10%; public sympathy is with Sikka; and Murthy is facing the opprobrium generated by his actions. By 2014, when Infosys hired Sikka, the company was in desperate need of a CEO who could help it transform. Friday’s events have left Infosys without a CEO, irretrievably damaged Murthy’s reputation, and highlighted the dysfunctionality of the board.

Source: Hindustan Times August 20, 2017 11:48 UTC