Wipro’s CEO is paid Rs.2.2 lakh per day; with a salary of Rs.79.8 crore, becomes the highest-paid CEO!!!! Wipro Limited (formerly, Western India Palm Refined Oils Limited) is an Indian multinational corporation that provides information technology, consulting and business process services. Delaporte has served as CEO and managing director of Wipro from July 2020. It is headquartered in Bangalore, Karnataka, India. WIPRO CEO has become highest paid salary CEO in the world. Here the details about his salary and others.
Thierry Delaporte, the CEO of Wipro, is now India’s highest-paid IT executive, with a total compensation package of $10.5 million (Rs 79.8 crore) for FY22.
Tenure that pays well
He received $1.7 million in pay and benefits, $2.5 million in commission, $2 million in benefits, and the balance of approximately $4 million went to ‘others.’
He presently holds 118,000 shares of stock.
After taking the reins of the Indian IT major in July 2020, his spectacular ascension to the top ahead of his colleagues occurred in FY21.
From July 6, 2020 until July 30, 2025, he will serve as Wipro’s CEO and Managing Director for a five-year term.
Meanwhile, Wipro Chairman RishadPremji received $1.82 million in total remuneration, up from $1.62 million the previous year.
Premji’s compensation increased from Rs.13.8 crore in FY22 to Rs.11.8 crore the preceding year in rupee terms.
This includes $1.1 million in salary and allowances, $634,487 in commissions/variable compensation, $63,918 in deferred benefits, and $1,255 in other perks.
In FY22, he did not get any stock options
CEOs from around the world
Julie Sweet, CEO of Accenture, is the highest-paid IT CEO in the world, with a compensation of $23 million in FY22, including stock plan pay-outs.
Brian Humphries, the CEO of Cognizant, came in second, earning $19.6 million in FY22, including stock plan pay-outs.
Arvind Krishna, the CEO and chairman of IBM, comes in third with a salary of $17.56 million.
While the salary of IT CEOs has risen to dizzying heights in the last decade, the pay of newer employees has remained stagnant.
CEOs’ median annual salary increased by 835 percent between FY12 and FY22, from Rs.3.37 crore to Rs.31.5 crore
In comparison, over the course of a decade, the median salary package for fresher’s increased by only 45 percent, from Rs.2.45 lakh to Rs.3.55 lakh.
According to data from TeamLease Digital, the particular pay ratio between the CEO and the newcomer at Infosys is 1,973, 2,111 for Wipro, 1,020 for HCL Technologies, 676 for L&T InfoTech, 644 for Tech Mahindra, and 619 for TCS. Follow our site for daily updates regarding this.
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