Thursday, December 25, 2008

It’s hard to digest….

I never amused on electronic media’s behavior on industrial perspective and how far its implications are. But, I had experienced it personally.
Today, we had a get together with our college mates..as usual we had relished on our engineering days and mocked on our present situation (ofcourse every one is an IT employee..& u know the situation), where we can’t even eke out a little time to enquire about my relatives and friends well being. Of late, our conversation revolved around current market ,as most of us had plans to shift to new companies but now we can't even think of it. And instead moving out, we discussed how awkward it had been to save our present one.

As it continues one of my friend turned to me and put up a question about my company. Question was about the plausibility of rumors that my company is driven by fraudulent management board as it is highlighted in news media. Before i could answer to his question, many of my friends shoot me with questions as if i was film star turned politician and they were the media persons.
Every question, that passed through my ear drum had raged anger in me coz they were not trying to know the information, it was something like they were accusing my company and its founder (who take out his sweat for 20 years to build a company of this brand) that they have trying to exploit many inverstors money. As far as my knowledge goes, the information gathered by my friends from media is not of worth, and it is misleading the complete situation.

So, this had resulted a negative impact on company's brand name, share marked and mostly on its corporate governance. And this situation was exaggerated by news media and they showed their every possible guess as realty to the outer world. Every one who doesn't go into the verification of the news published had blindly tried to shake off company's establishments.

Right now, SEBi is studying the case of corporate Governanace in our company and ethnic values that went into the take over deal that was proposed. And there was another instance of world bank, which add up to present wound and no one sure of what is actually going on between the 2 parties(world bank and My comp). Every thing was webbed by news media(stating CEo as a crook to potray him as a character less and avarice one), not ensuring about its credibitliy that the news possess.

How could i bare all these about my comapany, which had instilled confident in me by adopting and serving bread and butter of my daily life. But i defended and was in a diplomatic way.
Yes, I am in line that this could have been a mistake of making a wrong estimation of the assets of the companies and proceeded with out investors knowledge, but that wrong decision should not try to filth a person's character.
and that too with out knowledge of the truth. I believe that there should be a watch on the news channels content publision and their credibility. As it is the only source of a common man to assess what is good and what is wrong.Or else this will kill the reputation of any one in few days, who gained it through out his lifetime efforts.

3 comments:

  1. At teh end of the day the Hungry media needs NEWS...if they dont get any...they CREATE it....

    And its up to people to perceive upon the News...Its better we show utmost restraint to such rumors not falling a prey to their cheap tricks....

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  2. It is not only the media and even people do speculate these days, because when you are hit by such a colossal global turmoil, people tend to be panic & feel insecure and they loose the faith in things around them... I feel this is more of “confidence crisis” than “economic crisis”.. If we can think for a while and learn how we rose to this level and remember our past glory ,so, i certainly hope, we can come out of these crisis’s like as we did umpteen numbers of times in the past....
    Media, they are supposed to play a big role in growing confidence by being more responsible & sensible but disgustingly, they crave for their poor TRP ratings than anything else...
    At least , we people by being more vigilant ,cautious and confident we could easily come out of this turmoil...

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  3. I too agree with you..we are going through confidence crisis created by media.

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