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There is a company in India which has not taken any outside funding and doing great business so far. There are many employees who has been toiling there for 10-

There is a company in India which has not taken any outside funding and doing great business so far. There are many employees who has been toiling there for 10-15 years with expectations that they will become rich sooner as company started doing really well with all hardwork. Recently, one fine day "the founder" in his internal memo says that you can call me the super rich. All shares has been distributed to himself and his family members and now all employees are monkeys with hand full of peanuts. Wake up with shattered dreams. Guess who is this company? Yes, you are right, its ZOHO. Period.

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nrao123 15y ago
I can guarantee you that Vembu would not have said it the way you are suggesting & the timing of the "memo". See this link http://www.sramanamitra.com/2007/07/16/happily-bootstrapping-zoho-ceo-sridhar-vembu-part-7/ http://www.sramanamitra.com/2007/07/16/happily-bootstrapping... where he was categorical that he is not going to be giving options and there was no expectations. I think the real issue is not about sharing wealth since it can be shared through other mechanisms for the core team - faster promotions, more cash comp, better work environment... Its really about whether you want to keep it private. If you want to keep it private, then what is the value of the options if there is no exit? I presume this is the same thinking that James Goodnight at SAS (http://en.wikipedia.org/wiki/SAS_Institute#Company_and_software http://en.wikipedia.org/wiki/SAS_Institute#Company_and_softw...) & Mike Bloomberg would have gone through to try and keep the company private.
- plumber12 15y ago
  Mr.Rao, I don't know about your interest in Zoho. There is no lie in what I had said. You will not understand the feelings until you are one among them or gone through the same. This has affected the morale and overall performance. I agree that there are other means to share the wealth, has it really happened at Zoho?, you need to understand that the compensation at Zoho is at par or less with other technology companies in India. In fact services companies has better perks and onsite opportunities to make quick money and they too have stock options. People at CTS or Infosys with 10+ exp. are millionaires. Facebook has 24% for employees. You need to understand that for any organisation for long term success and to be world class, one need to have people who has enthusiasm, hope and imagination to live a prosperous life and can do anything for his/her leader and not those who just stick around because they are forced for survival with shattered dreams. People needs to have immense faith (it was thus far) in its leader for any organisation for long term successes. We live in a capitalistic world and money plays a important role in every way, you understand it and so Mr.vembu. And I am really doubtful, if monkeys can bring all successes which Zoho can but happy people do.
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nrao123 15y ago

I can guarantee you that Vembu would not have said it the way you are suggesting & the timing of the "memo". See this link http://www.sramanamitra.com/2007/07/16/happily-bootstrapping-zoho-ceo-sridhar-vembu-part-7/ http://www.sramanamitra.com/2007/07/16/happily-bootstrapping... where he was categorical that he is not going to be giving options and there was no expectations. I think the real issue is not about sharing wealth since it can be shared through other mechanisms for the core team - faster promotions, more cash comp, better work environment... Its really about whether you want to keep it private. If you want to keep it private, then what is the value of the options if there is no exit? I presume this is the same thinking that James Goodnight at SAS (http://en.wikipedia.org/wiki/SAS_Institute#Company_and_software http://en.wikipedia.org/wiki/SAS_Institute#Company_and_softw...) & Mike Bloomberg would have gone through to try and keep the company private.

plumber12 15y ago
Mr.Rao, I don't know about your interest in Zoho. There is no lie in what I had said. You will not understand the feelings until you are one among them or gone through the same. This has affected the morale and overall performance. I agree that there are other means to share the wealth, has it really happened at Zoho?, you need to understand that the compensation at Zoho is at par or less with other technology companies in India. In fact services companies has better perks and onsite opportunities to make quick money and they too have stock options. People at CTS or Infosys with 10+ exp. are millionaires. Facebook has 24% for employees. You need to understand that for any organisation for long term success and to be world class, one need to have people who has enthusiasm, hope and imagination to live a prosperous life and can do anything for his/her leader and not those who just stick around because they are forced for survival with shattered dreams. People needs to have immense faith (it was thus far) in its leader for any organisation for long term successes. We live in a capitalistic world and money plays a important role in every way, you understand it and so Mr.vembu. And I am really doubtful, if monkeys can bring all successes which Zoho can but happy people do.
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