Is the race the answer?

This is in perspective of what happened to Satyam Computer Services in India. As the drama is unfolding it is sure that many people are at fault. Why? Is greed the sole reason? Or race to be leaders led to a situation like this? 

Is this a common path by choice for all big firms? That does not mean all the big firms are part of it or all the CEOs are filling the pockets. But it surely reflects that people go blind when they want to reflect positive about themselves. They forget who they actually are and want to project an image which is beyond common. Surely favorism exists, but how can companies overcome the shadow of competitors when all they have is the same to offer?

As we know many runners have come back strongly and have been found guilty of using drugs. Though its biased to generalize here but is this a proof that a certain level of heat is necessary to keep the food warm? Moreover what would the impact be if firms all over the world follow this path? What if the auditors who are appointed to work for shareholders are happy blanketting the sin? Should there be any set of authority who govern the auditors? Who is to be blamed for this mess will be clear with time, but as people electing the government are held responsible in this case will the employees suffer the same blame?