Wipro's Executive Chairman Rishad Premji Halves His Compensation This Year
NDTV
Mr. Premji's compensation also included a cash bonus (part of his fixed salary), but there were no stock options granted to him in fiscal year 2023.
The Executive Chairman of Wipro, Rishad Premji, has taken a voluntary cut in his compensation for the fiscal year 2023, according to a recent filing made to the Securities and Exchange Commission in the US.
He has made $951,353 in total annual compensation this year, which is almost 50% ($8,67,669) less than his previous year's earnings. In 2022, Mr. Premji's compensation as Executive Chairman of the Board was $1,819,022.
As per the Form 20-F submitted by Wipro Limited to the United States Securities and Exchange Commission, his salary comprises $861,620 in salary and allowances, $74,343 in long-term compensation benefits, and $15,390 in other incomes.
Mr. Premji's compensation also included a cash bonus (part of his fixed salary), but there were no stock options granted to him in fiscal year 2023.
