Infosys Gave Away Rs 50,000 Crore of Stock Options to Employees

In his article titled “Goodbye, folks. March on with values…,” in the firm’s 2010-11 annual report, Infosys Chief Mentor N R Narayana Murthy says that the company has given away Rs 50,000 crore (at current stock prices) of stock options to its employees since inception.

Murthy says that he is not aware of another Indian company that has given away stock options of such magnitude to its employees. Every Indian employee who joined Infosys on or before March 2010 is a stockholder of the company.

Murthy also says that Infosys had demonstrated that businesses can be run legally and ethically; that it was possible for an Indian company to benchmark with the global best; and that any set of youngsters with values, hard work, team work and a little bit of smartness can indeed be successful entrepreneurs.

Murthy, who is stepping down as non-executive Chairman and Chief Mentor on August 20 this year when he turns 65, has been named Chairman-emeritus for life by the board of the company, which will complete 30 years this year.

via keralait.org