Leaving Infosys like daughter''s marriage: Narayana Murthy
New Delhi, May 18 (PTI) Leaving Infosys to N R Narayana Murthy was like parents sending away their daughter after her marriage, the founder and outgoing chairman has said in his last letter to the company''s shareholders."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 K V 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.
Infy gave away Rs 50,000 crore of stock options to employees
On Wednesday 18 May 2011,
Bangalore, May 18 (PTI) Infosys Chief Mentor N R Narayana Murthy has said the company has given away Rs 50,000 crore (at current stock prices) of stock options to its employees since inception.Writing in an article titled "Goodbye, folks. March on with values...", in the NASDAQ-listed firm''s 2010-11 annual report, Murthy said, "I do not know of any Indian company that has given away as much as Rs 50,000 crore (at current stock prices) of stock options to employees".
"Today, every Indian employee at every level who joined us on or before March 2010 is a stockholder of Infosys", he said.
Murthy is stepping down as non-executive Chairman and Chief Mentor on August 20 this year when he turns 65. He has been named Chairman-emeritus for life by the board of the company, which is completing 30 years in 2011.
Murthy said 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.
"This way, we have enthused millions of young men and women in
"The crucial things we have to do in the future are: recognise our weaknesses, be open-minded about learning from people better than us; learn from our mistakes and not repeat them; be humble, honest and courteous; benchmark with the best in every dimension; use innovation to perform at global levels; and create a worthwhile vision and improve every day", Murthy said.
He added: "This is how our mantra of focusing on speed, imagination and excellence in execution will take this company very far
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