Fired A Senior Employee In 10 Mins For Integrity Violation: Rishad Premji

Chairman on Wednesday revealed that one of the organisation's top 20 staff members was shown the door in connection with huge integrity issues.

Addressing the Nasscom Product Conclave here, Premji, who had earlier created a storm over termination of hundreds of staffers against the backdrop of moonlighting, said that the "decision took just 10 minutes".

"The staffer was playing an important role in the company. Tough calls have to be made at tough times," he said.

"The policy related to integrity is black and white. The policy is clear on integrity violation and harassment. An employee won't be in the company if he violates any one of them," he stated.

He also cited the case of another senior employee was fired six years ago.

"He was well-connected and made all possible attempts to get a clean relieving letter. He had also put a lot of pressure on the organisation and reached out through all means. He was clearly told about the company's policy on integrity," he said.

also called upon the startups to make tough decisions.

"They must focus on building valuable business. The journey to build sustainabale business is long and complex. The process is slow," he said.

Noting that there is "an obsession to get unicorn status", he said that the founders must pick right people.

"The most successful people are more dangerous. They leave 1,000 dead bodies on their journey to success.

"This won't take anyone far, (though) this might take one till a certain point," he observed.

--IANS

mka/vd

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

RECENT NEWS

JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity

JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more

Private Equity And Banks: The Complex Web Of Leverage

Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more

Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector

The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more

JPMorgan And Small Caps Lead Market Rally: A Sign Of Economic Optimism

In a week marked by strong financial performance, JPMorgan Chase & Co. reported a 25% rise in profits, and US small-... Read more

Big Banks Vs. Regional Banks: The Battle For Market Share

The financial industry is a competitive landscape where big banks and regional banks vie for market share. Each type of ... Read more

The Evolution Of Philanthropic Advisory Services In Private Banks

The landscape of philanthropic advisory services provided by private banks has undergone a significant transformation. T... Read more