Phaneesh Murthy-Igate's Ceo's Affair Comes A Red Signal

May 29, 2013

[color=#393939][font=Georgia][color=#404040][font=Arial][size=3]Ten years after he paid the price, literally and figuratively, for an avoidable indiscretion, Phaneesh Murthy, is in the news for the misstep â€” an inappropriate relationship at the workplace.[/size][/font][/color]
[color=#404040][font=Arial][size=3]For Murthy, 49, who was working towards an impressive comeback after he lost track and face in 2002, this mistake will not only cost his job, but most likely his career too. The leveraged buyout in 2011 for $1.2 billion of Patni, nearly[url="http://economictimes.indiatimes.com/topic/thrice"]thrice[/url] the size of iGate, was a bold move that put him squarely in the centre of software services map. But that is all history now.[/size][/font][/color][/font][/color]
[color=#393939][font=Georgia][img]http://articles.economictimes.indiatimes.com/images/pixel.gif[/img][/font][/color]

[color=#393939][font=Georgia][color=#404040][font=Arial][size=3]"After one dramatic incident which had a very bad impact on him and his family, he's tried it again. It was extremely foolish of him to do this," said TV Mohandas Pai, a former [url="http://economictimes.indiatimes.com/topic/director"]director[/url] of [url="http://economictimes.indiatimes.com/infosys-technologies-ltd/stocks/companyid-10960.cms"]Infosys[/url] where Murthy earned his sales chops and eventually became the global [url="http://economictimes.indiatimes.com/topic/sales%20and%20marketing%20head"]sales and marketing head[/url].[/size][/font][/color]
[color=#404040][font=Arial][size=3]After losing his job at Infosys in 2003 for carrying on a sexual relationship with his [url="http://economictimes.indiatimes.com/topic/secretary"]secretary[/url] [url="http://economictimes.indiatimes.com/topic/Reka%20Maximovitch"]Reka Maximovitch[/url], Murthy started an IT company [url="http://economictimes.indiatimes.com/topic/Quintant%20Systems"]Quintant Systems[/url], which was acquired by iGate. To his credit, Murthy grew iGate from a little-known, loss-making company to one that is in the reckoning among the big boys.[/size][/font][/color]
[color=#404040][font=Arial][size=3]Most find it hard to believe that Murthy could make the same mistake a second time[/size][/font][/color]

[color=#404040][font=Arial][size=3]Aunty ella chepthundhii[/size][/font][/color]

[size=4][color=#404040][font=Arial][color=#0000FF][b][font=Verdana, Geneva, sans-serif]I think....who all have posted issues of their DH / DW having extramarital affair especially with office colleagues should definetly make their spouse read about Phaneesh Murthy....Even the most power full person professionally got fired...[/font]

[font=Verdana, Geneva, sans-serif]Great leason for him....really pitty his wife coz he stood by him when he was fired for same from Infy. surely she wont this time as he himself admitted to be in relationship...[/font]

[font=Verdana, Geneva, sans-serif]WAKE UP CALL FOR ALL WHO ARE INVOLVED WITH COLLEAGUE[/font][/b][/color][/font][/color][/size][/font][/color]