Companies, CXOs rush to modify Esop conditions to include Covid-19 realities
Mumbai: Senior executives at some of the top listed Indian entities, unicorn startups and private equity (PE) backed companies who earn millions in employee stock option plan (Esop) are all set to see their earnings go down drastically due to coronavirus. In last few days some of the top companies, PE funds and senior executives have reached out to
based compensation, said Sai Venkateshwaran, head - CFO advisory, KPMG in India. Industry trackers say that in some cases the parameters of Esops performance are being modified to include peer comparison and increasing the number years to achieve a particular revenue, market share or profit targets. These modifications are also being done in unicorn start-ups and PE backed companies.