Rishad Premji, Executive Chairman of Wipro, has taken a significant pay cut for the second year in a row, reducing his compensation to around Rs 6.5 crore in FY24. This decision comes amidst a period of negative performance in Wipro’s IT services business. Meanwhile, his father, Azim Premji, received a salary of Rs 1.05 crore.
Manchester United manager Erik ten Hag will face a 25% salary reduction if the club fails to qualify for the Champions League. The Red Devils’ disappointing second season under ten Hag has put his position under scrutiny, with potential replacements being considered. Despite their struggles, ten Hag remains confident in his team’s ability to qualify for Europe, with the FA Cup final and a top-four finish still within reach. However, Sir Jim Ratcliffe has emphasized the importance of securing Champions League football for the club’s financial stability.
Erik ten Hag reportedly faces a significant pay cut at Manchester United, even if he manages to cling on to his job this summer. The Dutchman’s disastrous second season has seen United miss out on Champions League qualification, triggering a clause in his contract that will result in a reduced salary. This news comes amid ongoing speculation about ten Hag’s future at Old Trafford, with the club enduring a difficult campaign.
