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Stocks

Satyam Director Mangalam Srinivasan Resigns

From ET:

Mangalam Srinivasan, a US-based academic who has been a director on the board of India’s fourth-largest software exporter since July 1991, said she was resigning taking moral responsibility for voting in favour of the controversial acquisitions, a copy of the resignation letter made available to ET shows.

At least someone’s taking responsibility.

Satyam’s stock meanwhile has done well for the day, ending at 136. It’s pretty badly beaten up since the acquisition notice and withdrawal, though.

Disclosure: No positions.