Today’s Offers >> Free Stock Cash Tips – One Missed Call on 9644405056
Early last week, Infosys Ltd made a laughable addition to the list of risk factors for its shareholders: it said that actions of activist shareholders could impact the trading value of its securities. Infosys’s decision to categorize this as a risk factor is ludicrous, especially at a time when peer Cognizant Technology Solutions Corp. has embraced nearly all suggestions given by activist shareholder Elliott Management Corp. Bloomberg Gadly columnist Andy Mukherjee has articulated well why Infosys’s move is plain silly.
As luck would have it, later in the week, a far more credible risk factor emerged at the company. Infosys announced that one of its top executives, Sandeep Dadlani, global head of the manufacturing, retail, consumer packaging and goods and logistics units, had resigned. Dadlani oversaw over a third of the company’s business, and his exit is the latest in a series of jolts the company has faced in recent months.