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Infosys CEO Parekh to get Rs 16.25 cr as annual salary

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Bengaluru, Jan 4 (IANS) Global software major Infosys will pay its new Chief Executive Officer and Managing Director Salil S. Parekh a whopping Rs 16.25 crore salary per annum, said the IT major on Thursday.

In a regulatory filing on the BSE, the company said in addition to Rs 6.5 crore fixed pay and Rs 9.75 crore variable pay, Parekh would get restricted stock units (RSUs) equivalent to Rs 3.25 crore and performance equity grant worth Rs 13 crore, taking the annual package to Rs 32.5 crore for five years from January 2, 2018 to January 1, 2023.

“The compensation for Parekh is subject to approval of shareholders through postal ballot and electronic voting by February 20,” said the filing.

The company’s Board has appointed its Company Secretary Parameshwar G. Hegde as the scrutiniser for conducting the postal ballot.

–IANS
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Corona

After donating Rs 50 lakh to CM relief funds, actor Rajinikanth urges everyone to follow Covid safety guidelines

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Superstar Rajinikanth on Monday met Tamil Nadu chief minister MK Stalin in Chennai to extend his support to the state’s effort to battle the second wave of coronavirus. The superstar also contributed a sum of Rs 50 lakh to the Tamil Nadu Chief Minister’s Relief Fund. Last week, the newly-elected chief minister had appealed to the public and the private organisations to generously contribute towards relief work during the Covid-19 pandemic.

I request people to follow all the safety guidelines laid down by the government. Only then we will be able to defeat the coronavirus pandemic,” Rajinikanth told reporters after meeting with the chief minister.

And answering Stalin’s appeal, the who’s who of the Tamil film fraternity have been making significant contributions to the CM’s fund. Earlier, Ajith donated Rs 25 lakh and Suriya along with his father Sivakumar and brother Karthi gave a combined cheque of Rs 1 crore for the fund. Director AR Murugadoss ( Rs 25 lakh), actor Sivakarthikeyan (Rs 25 lakh), director Vetri Maaran (10 lakh), actor Jayam Ravi, his brother Mohan Raja and their father Mohan (made a joint donation of Rs 10 lakh), Soundarya Rajinikanth, her husband Vishagan and father-in-law SS Vanangamudi (together donated Rs 1 crore), Sun Pictures (Rs 30 crore) and many others have already contributed to the state’s relief fund.

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