Satyam Saga ...IT Companies pandora's box

Last one-month around, we are all getting over-doses of Satyam Saga. This makes me wonder, is Satyam a one-off case? Or is it something like one of our Government Scams, that appear once every quarter, we enjoy them to the fullest every time thinking that it is another NEW and INNOVATIVE one, forget about it after a quarter and move on....
Why we hear all bad news as coincidence during the recession time that companies are firing employees as part of their Background Verification Process (of employees who are on the payroll for last 3+ years!!!), or for performance or for involving in fudging the medical bills etc. We read all those news items with great interest and discuss them during our breakout sessions.

But seriously, do we have several other Satyams hidden away? Several MNCs worldwide have a policy not to invest in real estate and only to build campuses in leased accommodations. Where as if I just look at our domestic peers, most of the IT MNCs who have benefited from the bug of Y2K have either investment in real-estate or forced state governments to dole out rich agricultural land or prime land at throw away prices to them to build campuses....and they are darlings of every state government.
Actually in last one-year, IT companies abandoning a state for the lack of land allotment by the state government is in the news rather than IT companies making investments in the eGovernance sector at their own cost. Why don't we audit the reasons for dolling out tax-free environment, land at throw-away prices etc. by various governments to various IT Companies?
I think, we are used to the smell of rotten rat, when we ourselves are sitting on the pile of garbage.
Un-doubtedly there are several big and small satyam's around us. Some of them inflate their balance sheets, some of them bribe their way to top, some of them cajole governments to decrease their cost-structures, many flirt with various levels of bureaucracy and political levels to get business...
How true it is when we come out of the B-Schools and are told that...what lies ahead is the Business Jungle, where only the fittest survive...
I salute the rare few fit companies who are still herbivores in this jungle.