iconimg Saturday, May 30, 2015

HT Correspondent, Hindustan Times
Bangalore, July 02, 2014
Infosys’ new chief executive officer, Vishal Sikka, will be the highest paid CEO in the Indian IT industry with $5.08 million annual salary besides a stock option of $2 million. Sikka, 47, will replace SD Shibulal and take charge on August 1.

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Infosys said in a circular that he would have an annual base salary of $900,000 and an annual variable pay of $4.18 million and will be eligible to receive stock option of $2 million, making his total package including stock options $7.08 million (Rs 42.1 crore).

Outgoing CEO Shibulal drew a salary of $ 26,000 (Rs 15.48 lakh). However, dividend from his stock option was worth $13 million (Rs 77.4 crore) last year.

Sikka’s salary at Infosys still pales in comparison with global majors. The Microsoft CEO gets $18 million a year and IBM $ 16.2 million.

At SAP, Sikka had an annual salary of 4.23 million euro (Rs 34.2 crore).