Sans stock options, Wipro CEO salary crosses $1.3 million
Wipro CEO Abid Ali Neemuchwala will get a remuneration in the range of $1.3 million to $2.19 million, excluding stock-based compensation and other perks and benefits. Neemuchwala, who took over as the CEO of the $7.5-billion company on February 1, will receive a base pay in the range of $8,00,004 to $1.2 million and a target variable pay between $5,00,004 and $999,996 annually, according to filings with the Registrar of Companies.
Neemuchwala, who is based in Dallas, US, has also been granted restricted stock units, employee stock options and other stock-based compensation that's decided by the board based on the recommendation of the nomination and compensation committee. The details of the stock compensation have not been disclosed, and without that a proper comparison with peers is difficult.