Tata Group Offers ESOP’s for Employees Breaking 150 Yr Old History
Tata Group, India's Biggest Commercial Vehicle Manufacturer has announced to offer employee stock option for the first time in 150 years to its top 200 executives while the company is set to enter its next round of turnaround strategy.
This move will mark first of its kind initiative done in an Indian automotive space by a $100 billion company. Three criteria shall be used to assign stock options which shall be based on performance metrics as informed by the company official:
Gain in market share
EBIT margin improvement
Free cash flow as a percentage of revenue
B Balaji, Tata Motors CFO said while addressing the conference,
This is to ring-fence critical talent during the turnaround phase and to match employee payoffs to the long-term gestation period of key i...