Results for: CEO Compensation

Tata Consultancy Services (TCS) CEO K Krithivasan’s annual compensation for FY24 stood at ₹25.36 crores, making it the lowest among the large IT firms in India. However, it is important to note that Krithivasan’s salary was for a 10-month period compared to the full year for the outgoing COO, NG Subramaniam, who earned more than the CEO. Despite a marginally lower salary, Krithivasan’s compensation includes basic pay, benefits, allowances, and a commission of ₹21 crore. He currently holds approximately 11,232 stocks in the company. In comparison, other leading IT firms such as Infosys and Wipro have yet to release their annual reports for FY24. However, in FY23, Infosys’ CEO Salil Parekh had the highest remuneration of ₹56 crore, followed by Wipro’s newly appointed CEO Srinivas Pallia with ₹50 crore annually.

Wipro, India’s fourth-largest outsourcing company, has announced that its CEO, Thierry Delaporte, will receive a substantial severance payout of ₹92.1 crore (approximately $11 million) following his departure from the company ahead of schedule. As per Delaporte’s employment contract, if his employment is terminated without cause, Wipro is obligated to provide him with a severance package equivalent to 12 months’ base salary, payable over a 12-month period following the termination date. This payout will cease if Delaporte secures new employment or becomes a consultant within the stipulated 12-month period.

Tesla shares surged after the company announced plans to increase sales this year and introduce more affordable models in 2025. This news helped offset concerns about recent layoffs, executive departures, price cuts, and a postponed meeting with India’s prime minister. Tesla’s growth strategy is expected to strengthen shareholder support ahead of a vote on CEO Elon Musk’s controversial compensation package.

Paramount Global CEO Bob Bakish’s total compensation rose to $31.3 million in 2023, driven by strong performance-based incentives and stock awards. The company’s recent cost-cutting measures and layoffs have faced scrutiny.