Infosys has decided to give stock options to its employees on its 30th birthday on July 2, 2010. Infy Employee Welfare Trust — an independent trust within the company which holds Infosys equity shares has issued a statement which says that all employees on Infosys' payroll on 31st March 2010 who are not serving notice period will get minimum 5 equity shares valued at 2767 Rs as per today's closing price. Employees will get 1 extra share apart from the minimum 5 shares for every year they have served at Infosys. This allocation of shares to employees will take place in August.
It is interesting to note, however, that one person who attended the Annual General Meeting of Infosys this year said that Infy CEO Kris and other officials were not in favor of awarding ESOPs (Employee Stock Option Plans) to employees. Only Narayana Murthy was in favor of awarding shares to employees. One senior executive from engineering vertical also said that clients are more impressed by our gardens than our delivery. So we should offer stock options to our gardeners than delivery people. After a lonng and heated debate, it was finally decided to award minimum 5 shares to employees instead of 50 shares proposed by Narayana Murthy.
Source: Business Standard
Sorry for the dearth of posts lately a lot of things have been happening with me.
First of all, i have now joined Gateway Technolabs Pvt Ltd. since 18 Feb 2010.
Also, soon after joining this company, i have been sent onsite to South Africa. So right now i am blogging from South Africa. My profile remains the same which is an iPhone Developer. I have been here since April 9 and will stay here for 2-6 months.
I am sure i have missed a lot of comments which went unanswered but the ones which i could see were the same old repeated questions which i dont care to reply.
I see that people are again posting questions like "when will offer letter come?", "are laptops allowed?", "how to apply for extension?", "is ejoining to be completed?" etc which means a new bunch of people got selected into Infosys or got their DOJ.
I will publish an FAQ post when i get time so that all the repeated questions are taken care of. Till then, take care.
PS: South Africa is very beautiful and I am loving it. :)
Hi everyone,
To make good use of spare bandwidth on my wallpapers site, i have uploaded many pics of various Infosys campuses.
I will make an effort to search for more Infosys campus pics and upload them so we can have one massive collection of Infosys pics.
Here is the link to the collection: http://www.lotofwallpapers.com/
I am adding some pics from the collection here:
