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Indian CEO offers Rs 200 crore to Employees
By: Tupaki Desk | 14 May 2015 3:46 PM GMT
Housing.com co-founder & CEO Rahul Yadav stunned everyone at a meeting held in Mumbai that he is allotting all his shares to the employees of the company.
Mr. Yadav owns 4.5% stake in Housing.com and it's worth any where around Rs 200 crore. Gifting the shares to the 2,251 employees of the reality firm is like offering them a 1 year salary as bonus.
While announcing his decision, Rahul Yadav told: 'I'm just 26 and it's too early in life to get serious about money'.
On April 30th, Rahul Yadav sent his resignation to board members and investors accusing them of not being intellectually capable enough to discuss the issues. He, however, withdrew his resignation on May 5th and issued an apology.
Mr. Yadav owns 4.5% stake in Housing.com and it's worth any where around Rs 200 crore. Gifting the shares to the 2,251 employees of the reality firm is like offering them a 1 year salary as bonus.
While announcing his decision, Rahul Yadav told: 'I'm just 26 and it's too early in life to get serious about money'.
On April 30th, Rahul Yadav sent his resignation to board members and investors accusing them of not being intellectually capable enough to discuss the issues. He, however, withdrew his resignation on May 5th and issued an apology.
