E-commerce firms can make their low-level workers rich
Infosys founder Narayana Murthy's chauffeur and personal assistant had hit headlines in late 1990s for having crossed the wealth barrier - when value of their stock options skyrocketed. Office boys, warehouse supervisors, clerks, receptionists and other non-managerial employees of some of India's sharpest ecommerce firms can cross that same barrier, provided their firms offer a buyback or they get listed or there's an M&A activity. Flipkart, Snapdeal, ShopClues and Infibeam are among e-commerce notables that have stock options for lowerrung, non-managerial staff.
Infosys founder Narayana Murthy's chauffeur and personal assistant had hit headlines in late 1990s for having crossed the wealth barrier - when value of their stock options skyrocketed. Office boys, warehouse supervisors, clerks, receptionists and other non-managerial employees of some of India's sharpest ecommerce firms can cross that same barrier, provided their firms offer a buyback or they get listed or there's an M&A activity. Flipkart, Snapdeal, ShopClues and Infibeam are among e-commerce notables that have stock options for lowerrung, non-managerial staff.
Read the Economic Times news report here.
