Update, June 2, para 3 & 4

Until now those important but little regarded management tips that not everyone who shits on you is your enemy and not everyone who gets you out of the shit is your friend have been useful guides in this ongoing soap.

But then CSC, invoking the noble cause of saving the NHS, held [Ed: allegedly] fascinating internal US-Euro pole discussions a scant month after agreeing in principle to the iSoft/IBA transaction and decided that a distinctly well-aimed bowel movement was actually preferable.

It now seems that CSC has itself been manoeuvring in the style of JR Ewing, late of Dallas fame, to take the cake for itself. CSC has, it looks like, been perverting the iSoft auction process from the very start. So much for bona fides: robber-baron capitalism is alive and well.

If Mr Weston is correct, CSC's behaviour, even allowing for the generous ethical margins of capitalism, is shameless; and their inadvertent argument to be considered alongside such luminaries as Ebbers, Scrushy, Nacchio, the Rigas', Skilling and Martha Stewart merits serious consideration.

At the very least CSC professions of having the best interests of the UK's National Health Service at heart appear even more hollow and self-serving now than they did initially.


Author holds iSoft equity

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2 comments

  1. "Cassandra" // 6/05/2007 03:09:00 AM

    Did I leave anyone out?!? Let's think....
    On the "I am a definitely bent" side, we have Kobi Alexander (Comverse), The Greenberg family (like father like son), Henry Silverman (Cendant), Kozlowski (Tyco), and the guy from Rite-Aid who's name I cannot remember and certainly some others who also slip my mind.

    But worse were the number of companies (most household names) who managed earnings and were eventually "busted" giving new meaning to the word "torpedo": EDS, Legato, Honywell, OMG, Gemstar, Raytheon, Interpublic, and so on and so on, each one potentially tearing a hole in one's
    portfolio large enough to sink a ship. Oh....and the option grants, backdating, and repricing!! 'Tis amazing what otherwise ordinary people will do to steal a buck when they think no one is looking...

    It's enough to make one want to be a farmer where at least the manure is honestly shoveled.

  2. RJH Adams // 6/06/2007 09:42:00 AM

    And Honour a name.

    Well, we'd still be shovelling it...

    At least in this case the flushing out (sticking with a theme here) of CSC's intentions (control of the NHS project or jv purchase of iSoft) is likely to either end with the IBA (aka the real shat upon) deal; or a better offer.

    Play up and play the game.

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