Infosys founder Narayana Murthy expressed remorse for not adequately rewarding many of the company’s early employees as much as the cofounders. Murthy acknowledged their substantial contributions to the company’s success. “There were several extremely smart early adopters of Infosys whom I could not award the kind of stock I gave to my cofounders. Their contribution was more or as much as mine. I only wish I had thought about it very carefully, and those extraordinary people also benefited,” Murthy said while answering questions following his book launch.
He added that he should have considered it “very carefully,” noting, “Those exceptional individuals would have also benefited.” Murthy also highlighted that during his tenure at Infosys, everyone’s perspectives were taken into account before making decisions.
However, he noted that the challenge with democracy is that it doesn’t always yield the best outcomes. “Infosys could have achieved much more than it did because we had established an enlightened democracy,” he remarked when questioned about his life’s regrets.
The former chairman of Infosys spoke during an interaction with media on Saturday, coinciding with the celebration of his anniversary and the launch of a book, alongside his wife and Infosys Foundation Founder and Chairperson Sudha Murty.
Last month, Murthy expressed regret over not allowing his wife, Sudha Murty, to join Infosys, now a tech giant. Sudha Murty gave her husband the initial seed capital of Rs 10,000 to establish Infosys.
Sudha Murty, an author who recently received the Padma Bhushan, India’s third-highest civilian award, mentioned that she felt regretful for 2-3 years for not joining Infosys. However, she later moved on to establish the Infosys Foundation to engage in social work, following the advice of her daughter, Akshata Murty.
Recently, Murthy was in the headlines for his comments on how Indian youth should work for 70 hours a week to help India’s economy move forward.