• Latest
  • Trending
Wipro’s public shareholders oppose former CEO, Delaporte’s $4.33 million severance package

Wipro’s public shareholders oppose former CEO, Delaporte’s $4.33 million severance package

31 May 2024
Infosys Foundation partners with ICT Academy of Tamil Nadu to boost employability in rural India

Infosys Foundation commits ₹48 cr to maternal and child healthcare in Karnataka

5 July 2025
India’s top export destinations: how trade tells the story of global alliances

India’s top export destinations: how trade tells the story of global alliances

5 July 2025
SEBI bans Jane Street over ₹36,500 crore Bank Nifty Trades

SEBI bans Jane Street over ₹36,500 crore Bank Nifty Trades

5 July 2025
NMDC reports record production, expands global reach with new UAE office

NMDC reports record production, expands global reach with new UAE office

5 July 2025
OpenAI and Oracle team up to build next generation AI infrastructure

OpenAI and Oracle team up to build next generation AI infrastructure

4 July 2025
Ecobank partners with Google Cloud to drive digital innovation in Africa

Ecobank partners with Google Cloud to drive digital innovation in Africa

4 July 2025
IT and Digital jobs are now paying the most across India

IT and Digital jobs are now paying the most across India

4 July 2025
Data Story: LME Aluminium price remains stable despite tariff concerns

Data Story: LME Al inventory level remains at multi-month low on US tariffs

3 July 2025
LTIMindtree launches GCC-as-a-Service

LTIMindtree launches GCC-as-a-Service

3 July 2025
Zoho deepens tech focus with Kerala expansion and Asimov deal

Zoho deepens tech focus with Kerala expansion and Asimov deal

3 July 2025
Microsoft trims 9000 jobs as part of a global restructuring plan

Microsoft trims 9000 jobs as part of a global restructuring plan

3 July 2025
Paradip Port Authority hits milestone: Handles 41.12 MMT cargo

Data Story: Iron ore vessels see a dip at Paradip port this week

3 July 2025
Sunday, July 6, 2025
  • Login
Data Biz Times
  • Data Story
  • Artificial Intelligence
  • Media Release
  • Technology
  • Business
  • Contact Us
No Result
View All Result
  • Data Story
  • Artificial Intelligence
  • Media Release
  • Technology
  • Business
  • Contact Us
No Result
View All Result
Data Biz Times
No Result
View All Result

Wipro’s public shareholders oppose former CEO, Delaporte’s $4.33 million severance package

in Technology
Reading Time: 2 mins read
0
Wipro’s public shareholders oppose former CEO, Delaporte’s $4.33 million severance package

Anindita Nayak

Bhubaneswar, 31 May 31

RelatedPosts

Tech Mahindra partners with Hanab for IT modernization post-carve out

Silicon Labs and Wirepas surpass 10 million chipsets, powering industrial IoT at scale

Apple products transform care at Emory Healthcare | Company News

More than three-fourths of Wipro’s public shareholders voted against the $4.33 million (Rs 36.15 crore) cash severance package for former Chief Executive Officer, Thierry Delaporte, according to a regulatory filing by the IT major.

At least 78.4% of Wipro’s public shareholders, making up 10.31% of all shareholders, voted against the cash compensation for Delaporte, as shown by voting records on the BSE website. At least seven major foreign institutional investors, including a UK fund and a Canadian investor, opposed the resolution.

With 73% promoter holding, Wipro secured an overall 89.69% vote in favor of giving the cash compensation to Delaporte, who resigned in April this year. Delaporte stepped down a year before completing his five-year term as CEO of Wipro, India’s fourth largest IT services company. After his resignation, Wipro announced it would pay him $4.33 million, which is considered as one of the highest cash severance packages ever given to a departing executive at the company.

Delaporte earned over $20 million (about Rs 166 crore) in fiscal 2024, making him the highest-paid CEO in India’s IT industry for the second consecutive year. A recent Wipro filing with the US Securities and Exchange Commission reveals that Delaporte earned over $3.9 million in salary and allowances, over $5 million in commission/variable pay, nearly $7 million in other categories, and $4.33 million in long-term compensation.

In its BSE filing, Wipro announced that shareholders approved the appointment of Srinivas Pallia as the new CEO and managing director of the company. The company earlier said that its new CEO and MD, Srinivas Pallia would receive a compensation up to $7 million per annum for the first two years. In an exchange filing, the company said this salary will include a cash compensation that may range between $1.75 million & $3 million.

Related Posts

Tech Mahindra partners with Hanab for IT modernization post-carve out

Tech Mahindra partners with Hanab for IT modernization post-carve out

by databiztimes.com
5 June 2025
0

DBT Bureau Pune, 5 June 2025 Tech Mahindra, a leading global provider of technology consulting and digital solutions to enterprises...

Silicon Labs and Wirepas surpass 10 million chipsets, powering industrial IoT at scale

Silicon Labs and Wirepas surpass 10 million chipsets, powering industrial IoT at scale

by databiztimes.com
4 June 2025
0

DBT Bureau Pune, 4 June 2025 Silicon Labs, the leading innovator in low-power wireless solutions, and Wirepas, a global leader...

Apple products transform care at Emory Healthcare | Company News

Apple products transform care at Emory Healthcare | Company News

by databiztimes.com
23 May 2025
0

DBT Bureau Pune, 23 May 2025 At Emory Hillandale Hospital in Lithonia, Georgia, Apple products are now the standard, marking...

Hexaware Earns AWS Data & Analytics Competency

Hexaware Earns AWS Data & Analytics Competency

by databiztimes.com
14 May 2025
0

DBT Bureau Pune, 14 May 2025 Hexaware, a global IT services and solutions provider, announced that it has achieved the...

Infosys Foundation partners with ICT Academy of Tamil Nadu to boost employability in rural India
Media Release

Infosys Foundation commits ₹48 cr to maternal and child healthcare in Karnataka

by databiztimes.com
5 July 2025
0

DBT Bureau Pune, 5 July 2025 Infosys Foundation, the philanthropic and CSR arm of Infosys, announced its collaboration with Prashanthi...

Read moreDetails
India’s top export destinations: how trade tells the story of global alliances
Economy

India’s top export destinations: how trade tells the story of global alliances

by databiztimes.com
5 July 2025
0

DBT Bureau Pune, 5 July 2025 India’s export data highlights strong ties with the US, UAE, and China, reflecting both...

Read moreDetails
SEBI bans Jane Street over ₹36,500 crore Bank Nifty Trades
Business

SEBI bans Jane Street over ₹36,500 crore Bank Nifty Trades

by databiztimes.com
5 July 2025
0

Athira Sethu Kochi, 5 July 2025 The Securities and Exchange Board of India (SEBI) has prohibited a world trading firm...

Read moreDetails
NMDC reports record production, expands global reach with new UAE office
Economy

NMDC reports record production, expands global reach with new UAE office

by databiztimes.com
5 July 2025
0

DBT Bureau Pune, 5 July 2025 India’s largest iron ore producer, NMDC Limited, has reported its highestever June month production...

Read moreDetails
DBT Bureau

Data Biz Times © 2024. All Rights Reserved.

Navigate Site

  • Media Release
  • Blog
  • Contact Us
  • Privacy Policy

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Media Release
  • Data Story
  • Business
  • Tech
  • Artificial Intelligence

Data Biz Times © 2024. All Rights Reserved.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?