Perquisite tax could be a dampener for ESOPs
Narayana Murthy’s chauffeur and personal assistant know the value of an employee stock option. The employees of the Infosys’ founder-CEO were part of the over 2,000 employees who received ESOPs from the company that turned them into overnight millionaires when the company’s shares were quoting at Rs. 7,500 in the early 2000s.
(This story appears in the 06 November, 2009 issue of Forbes India. To visit our Archives, click here.)