News: Premji, Kurien compensation up even as growth slows at Wipro

Compensation & Benefits

Premji, Kurien compensation up even as growth slows at Wipro

Wipro Ltd’s billionaire founder Azim Premji and chief executive officer (CEO) T.K. Kurien both got a raise in annual compensation in a year during which the company posted sluggish growth and fell further behind rivals Tata Consultancy Services Ltd (TCS) and Cognizant Technology Solutions Corp, Mint reported.

Wipro Ltd’s billionaire founder Azim Premji and chief executive officer (CEO) T.K. Kurien both got a raise in annual compensation in a year during which the company posted sluggish growth and fell further behind rivals Tata Consultancy Services Ltd (TCS) and Cognizant Technology Solutions Corp, Mint reported.

For the 2012-13 fiscal year, executive chairman Premji’s total compensation—including allowances, commissions from variable pay and other long-term benefits—nearly doubled to $733,827 (around Rs.4.29 crore) from $388,702 in the previous year, according to regulatory filings to the US Securities and Exchange Commission (SEC).

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Topics: Compensation & Benefits, #TotalRewards, #Updates, #Trends

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