Comments
Wipro Chief Executive Officer Thierry Delaporte received a salary of $8.8 million during the previous financial year which is considered the highest so far paid by any Indian IT services company to a foreign top executive.
According to the company’s filings with the US market regulator Securities & Exchange Commission, the compensation disclosed for Delaporte is for the period from July 6, 2020 to March 31, 2021. It includes components such as a one-time cash award, annual stock grant and a one-time grant of RSUs, among other things, per the terms approved by the shareholders at the Annual General Meeting of the Shareholders in July 2020.
Delaporte's compensation includes $1.31 million as salary and allowances, $1.5 million as commission / variable pay; $5.18 million as other income and $76,000 as commission/variable pay.
Wipro Chairman Rishad Premji's salary for the same period was $1.6 million, which included, $79,000 as salary allowance and others.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.