Wipro’s public shareholders, comprising 80%, opposed CEO Thierry Delaporte’s $4.33 million cash compensation, while promoter shareholding ensured its passage. Institutional Investor Advisory Services advised against the resolution, citing the amount’s highness for a two-month period and lack of clarity on contractual terms. Wipro defended the payout, attributing it to Delaporte’s role in driving company transformation and ensuring post-engagement obligations. Delaporte’s total compensation for FY 2023-24 amounted to $20 million, making him the highest-paid CEO in the Indian IT sector.
Wipro Shareholders Object to CEO’s Compensation
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