Premji’s total compensation for FY23 was $951,353, down from $1,819,022 in FY22, according to a Wipro filing with the US Securities and Exchange Commission.
Premji received $861,620 as salary and allowances, $15,390 in other income, and $74,343 as long-term compensation in FY23.
This is not the first time that Premji has had to cut his compensation. In FY20, his compensation was cut by almost 31 per cent after the onset of Covid-19 hit Wipro’s operations.
Jatin Dalal, Wipro’s chief financial officer, took a total compensation of $1,084,693 in FY23, almost a 32 per cent cut compared to $1,591,142 in FY22.
Wipro’s Thierry Delaporte continued to be the highest paid CEO in India, getting a total compensation of $10,026,942 in FY23. That was down almost 5 per cent from FY22 $10,519,174.
Stay connected with us on social media platform for instant update click here to join our Twitter, & Facebook
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.