Et news4

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Et news4

  1. 1. ET News related to HR (20 Sep’10 to 24 Sep’10) Neha Sahi MBA 2C
  2. 2. Cos exploring ESOP route to retain talent <ul><li>A buoyant stock market, coupled with brighter business prospects, has prompted companies to offer stock options to retain talented employees. </li></ul><ul><li>Companies with high percentage of promoter holdings may consider the ESOP route to dilute stake and comply with 25% minimum public shareholding norms. </li></ul><ul><li>If share price increase in value, employees will be able to purchase the shares at lower option price. </li></ul>
  3. 3. <ul><li>If share price decreases after the option is granted and vested, employees can choose not to exercise the option. </li></ul><ul><li>Companies like: </li></ul><ul><ul><li>Ashoka Buildcon </li></ul></ul><ul><ul><li>Microsec Capital </li></ul></ul><ul><ul><li>VA Tech Wabag </li></ul></ul><ul><ul><li>Eros International </li></ul></ul><ul><li>have preset ESOP plans with a conversion price well below the IPO offer price. </li></ul><ul><li>Lanco Infratech, Wipro, Ambuja Cements, Cairn India etc. have granted stock options to their employees in two months. </li></ul>Contd…
  4. 4. Indian-American Dipak Jain named dean of INSEAD <ul><li>Dipak Jain has been named Dean of INSEAD, which aims to expand operations in developing countries like India and China. </li></ul><ul><li>Jain, a Dean Emeritus at Kellogg School of Management, will succeed J Frank Brown, who will step down in 2011. </li></ul><ul><li>Jain will be introduced at INSEAD’s Leadership Summit Asia 2010 to be held on November 12 in Singapore and will assume his duties as Dean in March 2011. </li></ul>
  5. 5. Anil Kapoor is Chairman Emeritus of Draftfcb Ulka <ul><li>Anil Kapoor, former member of Draftfcb Ulka’s Global Operating Council and the regional president of Draftfcb Asia Pacific & Africa, has been apointed the agency’s Chairman Emeritus. </li></ul><ul><li>Earlier, Anil had served as the Managing Director and CEO of the agency. </li></ul>
  6. 6. Fontana new CEO of Arcelor Mittal’s stainless division <ul><li>Arcelor Mittal has appointed Bernard Fontana as chief executive of its stainless division. </li></ul><ul><li>Fontana was previously head of human resources for the group and is replacing Jean-Yves Gilet, who has left the company to head France’s Strategic Investment Fund. </li></ul>
  7. 7. Thank You

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