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Infosys shares drop to 10-month low as whistle-blowers target CEO

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Re: Infosys shares drop to 10-month low as whistle-blowers target CEO

#81

Post by nullc »

r_singh wrote: post #35

I see a lot of comments here attributing outsourcing firms to fraud. Let's remember that these cos. win contracts fair and square by taking advantage of myopic tendering processes. If there's something to blame then it's obsolete tender process that make it impossible for quality vendors to compete or for outsourcing firms to make realising proposals. Overpromising and underdelivering is not fraud. Fraud is what VW,…

If you knowingly misrepresent a material fact for the purpose of inducing someone to act (E.g. give you money), then you have committed fraud. This is literally the definition of fraud.

Maybe in the your household blaming the victim when they hire a company with such a well known track-record of failing to deliver is acceptable, but many people have different values.

Re: Infosys shares drop to 10-month low as whistle-blowers target CEO

#83

Post by jryle70 »

campfireveteran wrote: post #7

Infosys and TCS remind me of Uber and Lyft: business models based on magical thinking-rooted exploitation. Engineers need to form their own worker-owned consultancy co-ops and eschew corporations to capture more of the wealth they generate for themselves rather than as underpaid servants of said large corporations.

Infosys and TCS have been around for decades. If their business model was based on "magical thinking-rooted exploitation" then their customers must be real fools. Or maybe they thrive because there were huge demand for IT projects, which continue to the present time, and businesses have traditionally not considered software engineering their core competency, despite the fact that outsourcing is inherently inefficient.

> Engineers need to form their own worker-owned consultancy co-ops and eschew corporations to capture more of the wealth they generate for themselves rather than as underpaid servants of said large corporations

"Infosys was established by seven engineers in Pune, Maharashtra, India with an initial capital of $250 in 1981" [0]

$250 in 1981 is $706 in 2019 dollar. So yes, looks like they started out exactly like how you advocate.

[0] - https://en.wikipedia.org/wiki/Infosys

Re: Infosys shares drop to 10-month low as whistle-blowers target CEO

#84

Post by desi_ninja »

bhouston wrote: post #57
r_singh wrote: post #35

I see a lot of comments here attributing outsourcing firms to fraud. Let's remember that these cos. win contracts fair and square by taking advantage of myopic tendering processes. If there's something to blame then it's obsolete tender process that make it impossible for quality vendors to compete or for outsourcing firms to make realising proposals. Overpromising and underdelivering is not fraud. Fraud is what VW,…

One of the issues creating poor impressions of Indians at least in Canada nearly every resident gets a fairly regular stream of calls from Pakistan and India that are actually fraud, dealing with IT and credit cards, duct cleaning and taxes. I think India is a challenging place to make a living and thus many people do whatever they can to make a buck, at least that is how I explain this behavior to myself.

still doesn't make stereotyping right
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