HCL Tech CEO highest-paid exec among top four IT companies

HCL Tech CEO highest-paid exec among top four IT companies

HCL Technologies, which recently beat Wipro to become the third largest software firm by revenue, paid the highest salary to a CEO among the top four IT companies. C Vijayakumar, who completed his first full term as CEO and president in 2017-18, received Rs 33.13 crore in FY18 as per HCL Technologies’ annual report. However, Vijayakumar is not getting any remuneration directly from HCL Technologies — he received Rs 33.13 crore from a subsidiary. In comparison, former Infosys CEO Vishal Sikka earned about Rs 13 crore in FY18. Salil Parekh, who took over as Infosys CEO in January 2018, will be paid an annual compensation of around Rs 16.25 crore with an equal amount in equity. Tata Consultancy CEO Rajesh Gopinathan earned Rs 11.02 crore (Rs 1.02 crore in salary and Rs 10 crore in commission), while Wipro CEO Abidali Neemuchwala’s compensation was Rs 18.2 crore in FY18.

Read More at The Economic Times News date : 23 Aug 2018, Thursday

©2018 TheNewsClues