Comments
IT major Wipro is all set to pay its new Chief Executive Officer (IT Business) and Executive Director, Mr T.K. Kurien, between Rs 3 crore and Rs 10 crore based on his performance.
According to a filing made by Wipro with the BSE on March 21, 2011, the company will pay Mr Kurien a salary in the said range as annual compensation, including variable pay, LTA, HRA, PF, and other frills. Interestingly, his immediate predecessors, the joint chief executive officers, Mr Girish Paranjpe and Mr Suresh Vaswani who put in their papers recently and whose resignations will come into effect from April 1, drew an annual salary of Rs 2.1 crore including allowances, deferred benefits, and incentives and about Rs 3 crore respectively, as per the 2009-10 Wipro annual report.
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.