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रविवार, अप्रैल 18, 2010

What is Sweat equity ? Sunanda Pushkar Sweat Equity Shares For IPL Kochi Team

Sweat Equity Shares are shares given to the employees of the Company for the efforts and work they put in.

In India, the concept of SWEAT EQUITY SHARES was started by Infosys.

Sweat Equity Shares are given to the employees at a discounted rate of market value.

The whole idea behind giving Sweat Equity is to make the employee feel that he/she is a part owner in the company.

When employees feel their company has their own funds invested in it, they get better motivated and work more earnestly towards company's progress.

The concept of Sweat equity is a familiar thing in startup companies. It happens often in a start up company that an employee does not have cash but he or she has the talent and skill to make the company successful. This was the arrangement for Sunanda Pushkar in IPL Kochi team. She is a successful woman in her field. However, her association with Shashi Tharoor raised all the eyebrows and created all the controversy.

Sunanda said in a statement, "as a woman professional, I am shocked to find how easily certain parties with vested interests, questioned my credentials mainly because I am a woman. I, therefore, voluntarily offer to return to Rendezvous the sweat equity they had offered me.

Sweat equity is a term used to describe the contribution made to a project by people who contribute their time and effort. It can be contrasted with financial equity which is the money contributed towards the project. It is used to refer to a form of compensation by businesses to their owners or employees. The term is sometimes used in partnership agreements where one or more of the partners contributes no financial capital. In the case of a business startup, employees might, upon incorporation, receive stock or stock options in return for working for below-market salaries (or in some cases no salary at all).

The new Rendezvous Chairman Harshad Mehta is in touch with the IPL officials regarding the matter. Interestingly, senior Union Minister Sharad Pawar, IPL Commissioner Lalit Modi and I S Bindra are in Dubai currently to attend an ICC meeting.

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