CEO Salil Parekh to earn less than Vishal Sikka at Infosys
Infosys gave a low key welcome to Parekh, unlike the aggressive marketing exercise it undertook to welcome Sikka LATEST NEWS : Salil Parekh will earn an annual salary of Rs 162. 5 million ($ 2.55 million) as the CEO of Infosys, less than what Infosys had offered his high-profile predecessor Vishal Sikka , who quit the firm after three years in turmoil. The compensation also reflects the reality at Infosys and its chairman Nandan Nilekani who would like the low-profile senior executive to execute a vision of focused delivery for customers rather than over-promise and under-delivery that would be in contrast with the company's culture. Parekh, the soft-spoken executive who was poached from global rival Capgemini, will get an annual fixed salary of Rs 65 million and a variable pay of Rs 97.5 million that would be compensated based on achieving metrics set by the company. The second non-founder CEO at Infosys is also being offered a generous compens...