Key Points
Wipro CEO Thierry Delaporte is set to get a separation payment of Rs 92.1 crore (or about $11 million) after his ahead-of-schedule exit, according to a report in the Economic Times ..
In recent years, payments to exiting CEOs at companies such as Tata Consultancy Services (TCS), Cognizant and Wipro have ranged from Rs 48 crore to Rs 92 crore...
Former CEO and MD of TCS, Rajesh Gopinathan got Rs 48 crore in severance payout when he resigned in 2023, customary filings showed...
"When the tenure of an IT Services company's CEO is abruptly cut short, the exit compensation is determined by the contract or industry practices, which could amount to up to one year of their salary," the ET report quoted CEO ofEIIRTrend Pareekh Jain.. . Published on: Apr 25, 2024, 9:24 AM IST.
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Hefty pay! Top CEOs of IT companies earn up to Rs 82 cr in FY23
04, Aug, 23Wipro CEO Thierry Delaporte took home a remuneration of $10 million or Rs 82.2 crore during FY23. Delaporte is also the highest-paid CEO among his IT peers in FY23. During FY23, the shares of Wipro fell nearly 38%, while it saw its PAT dip by 7% during the same period.