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HindustanTimes Thu,21 Aug 2014

New Infosys CEO Vishal Sikka to get annual salary of $5.08 mn

HT Correspondent, Hindustan Times  Bangalore, July 02, 2014
First Published: 13:57 IST(2/7/2014) | Last Updated: 01:46 IST(3/7/2014)

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).


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