Infosys’s Vishal Sikka set to become The Highest Paid IT CEO
Infosys is an Indian multinational corporation that offers business consulting, Information technology, software engineering and also outsourcing services. After S D Shibulal, Infosys has announced Vishal Sikka as new CEO and he is going to operate the Infosys technology centers from August 2014. Currently the hot topic is that Infosys will pay about Rs 30 crore as he takes over as the chief executive officer. This makes Vishal Sikka the highest paid Informational technology CEO.
This Bangalore IT giant reveals as it will pay $ 900,000 as base salary and $4.18 million as variable pay to the former SAP board member, the company told the Bombay Stock Exchange in a filing. Vishal Sikka would also get another pay of $2 million in restricted stock unit. At his earlier company, SAP, the German software company, Vishal Sikka was earning $5.75 million including salary and other benefits.
The head of compensation consulting, Pedersen & Partners, Conrad Prambock has been evaluating about the CEOs salaries across the world and finally commented as “The salary is comparable to the compensation of the top CEOs in the world’s largest companies.” The salary of new CEO of Infosys is high by Indian standards but this factor is in line with the top CEOs on a global level. Historically, Infosys CEOs never got high range of salaries because the Job always stays with founders whose shareholding in the firm compensated for their relatively low salary.
Infosys’s Vishal Sikka set to become The Highest Paid IT CEO Reviewed by Praveen P on Saturday, July 05, 2014 Rating: