Wipro's CEO Succession Sparks Controversy: ₹52 Crore Pay Package

In his first year, Wipro's new CEO, Srinivas Pallia, could earn up to $7 million, including a basic salary and stock options. Former CEO Thierry Delaporte is set to receive $4.33 million upon his departure. Pallia's remuneration is based on company growth and profitability, with stock options aimed at promoting ownership and motivation. The payment to Delaporte is recognized for his contributions and to ensure a smooth transition. Unlike previous CEOs, Delaporte's payment includes cash, marking a shift in Wipro's executive compensation strategy.

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