This email is dedicated to Dewang Mehta who passed away so tragically. Dewang was advocate extraordinaire and cheerleader for the software industry. As this industry matures in India to reach its full potential, no small measure of credit should go to the man with the distinctive hairdo, the boundless energy and the ability to connect with his audience. I would not be surprised if at this very moment he s signing an MOU and lobbying with God. NO organisation wants to lose its human capital.
High attrition is injurious to health.
But in the Camelot era of the last few years many companies had to combat a revolving door as key employees were lured away by competitors and others. I am sure all of us have heard stories of people leaving organisations for jobs where they were offered millions of dollars, rupees, rubles or whatever. That s what I am talking about. Giving and receiving them became the hottest currency of the new economy. Generally, options are granted at or close to market value at the date of grant to avoid recording any compensation expense as a reduction of profit for accounting purposes.