Adieu to an Admirable Entrepreneur

[Parthy]

Infosys is an inseparable part of me: Murthy

NR Narayana Murthy, the founder and outgoing chairman of Infosys, has said in his last letter to the company's shareholders that for him leaving Infosys was like parents sending away their daughter after her marriage.

"The best analogy that I can think of for this separation between Infosys and me is that of one's daughter getting married and leaving her parents' home," Murthy said in an emotional letter to Infosys' shareholders.

Having nurtured the country's leading IT firm for the last 30 years, Murthy would be succeeded by eminent banker KV Kamath as Infosys' Chairman with effect from August 21 and would thereafter become 'Chairman Emeritus'.

Murthy, in his letter published in the company's annual report for 2010-11, went on to say that he had to go through tough times explaining to his son and daughter about whom he loved more - Infosys or the family.

Murthy said that his children do not believe him, even today, that he loved them more than anything else. "When I was spending 16-hour days in the office and was away from home for as many as 330 days in a year, it was hard for my children to believe in my commitment to the family," he said.

Terming the Infosys journey as an integral part of his life, Murthy said that most of his colleagues tell him that "Infosys is an inseparable part of me and I am an inseparable part of Infosys."

"I have been the Number One actor in every major decision taken in the company. I have rejoiced in every significant milestone of the company. I have commiserated in every false step that this company has taken," he asserted.

Giving the analogy of a daughter's marriage, Murthy said, "Yes, the parents will be there when she needs them and they will be happy that she is starting a new life in an exciting new environment."

He went on to explain in his letter the entire journey of the company to become one of the leading technology majors of the country.

Wishing the current management of the company luck for the future, Murthy said that he would be always there, whenever needed by Infosys.

"The board has been kind enough to name me the Chairman-Emeritus. Therefore, I will always be there to add value, if asked," Murthy said.



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[Parthy]

Infosys staff received Rs. 50K crore of stock options

Infosys is credited with introduction of stock options for employees in India. That made many Infoscions millionaire overnight. Not only that, the phenomenal growth of the company made investors rich too. Infosys has the distinction of always beating its guidance.

In his last article as chairman of Infosys, Mr Narayana Murthy delved extensively on the wealth the company has generated for its employees and shareholders. "Distributing 27 per cent of the company's equity among our employees was a proud moment for those of us who have always considered the idea of sharing wealth to be an important part of our social responsibility, " he said.

Mr Murthy said Infosys has given as much as Rs. 50,000 crore (at current stock prices) of stock options to employees.


Read more at: Infosys staff received Rs 50K crore of stock options - NDTV Profit