Housing.com founder and CEO Rahul Yadav, who has been in the news for all the wrong reasons recently, has turned a new leaf by giving away his stock options worth about Rs 150-200 crore to all employees.
According to the current staff numbers, Yadav's offer will translate to a payout of about Rs 10 lakh per person. Obviously this has made him a hero.
And now Yadav has started his version of the ice-bucket challenge. He has now asked Zomato's founder and CEO Deepinder Goyal and OlaCabs' founder and CEO Bhavish Aggarwal to give away atleast half of their shares to employees.
Goyal later responded on Twitter where he appeared to compare Yadav to Delhi chief minister Arvind Kejriwal.
Arvind Kejriwal must be SO elated to have found a companion/comrade in tech startups.— Deepinder Goyal (@deepigoyal) May 15, 2015
This comes after a couple of weeks of terrible publicity for Housing. Yadav first resigned, saying investors in the company weren’t “intellectually capable enough to have any sensible discussion”. Such investors include Softbank, Helion Venture Advisers and Nexus Venture Partners.
Then he made U-turn and withdrew his resignation after a peace deal with his investors, who were reportedly earlier planning to replace him.
For a change, Yadav is now getting the right kind of publicity. But it remains to be seen whether his move, which needs the approval of the board comprising the same investors he had ridiculed, actually becomes a reality.