Brand in
News: iGate
Executive
Stepping down: Sean Narayanan, The Chief
Delivery Officer at iGate
Executive
who is shaking up things: Ashok Vemuri, CEO at iGate
Press Story:
Narayanan had differences with the CEO, Ashok Vemuri’s operational and management
style.
Background: Narayanan
joined iGate in 2006 and helped create an integrated delivery organization.
Prior to joining iGate, Narayanan was VP and global practice head of IT
infrastructure services at Cognizant.
The Big Irony:
Narayanan's resignation comes within months of his receiving fresh stock awards
and retention sops from the Nasdaq-listed , $1-billion IT services firm. In
July, iGate approved retention bonuses for five top executives, including
Narayanan , under which each would get $1,50,000 on June 30, 2014, and
$1,00,000 on December 31, 2014, provided they were still employed in the
company on the applicable payment date.
My Take: Another
case that shows ‘money’ is not the end-of-all things when you in the top layer
of management. You look for other intangibles like respect, pride, prestige and
satisfaction.
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