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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