Infosys lovers will only hope that Sikka's much-needed talent for innovation and cutting-edge thinking is guided and not soured by a co-chairman watching his work
Infosys has vehemently defended the hike in the compensation of its COO U B Pravin Rao, saying the revision was arrived at after benchmarking against peers.
Infosys: V Balakrishnan says terrible for leaders to take huge pay hikes while subordinates sacrifice
V Balakrishnan wants Infosys Chairman R Seshasayee to step down and the board to be reconstituted to ensure the governance and value system of the company are protected.
Pai argued that at a time when the salary for entry level software engineers had not been raised for the past seven years, it is totally wrong to hike the compensation for top-level executives
The dispute between the founders and the board of Infosys Ltd over governance issues spilled into public view again as founder N.R. Narayana Murthy criticised a salary hike given to COO Pravin Rao.
Had Vijay Mallya been compassionate in his capitalist dreams, he would have gone a long way in assuaging the woes of his employees at Kingfisher Airlines. This could perhaps have even prevented him from turning a fugitive
Transforming culture of a company is "difficult" but the challenge is to transition "without losing values" and "ethos", Infosys chief Vishal Sikka has said.
It makes more sense for Infosys to make a strategic choice towards innovation-led growth in an emerging future than save some pennies to boost the short-term earning per share.
Infosys has "far bigger battles ahead", VIshal Sikka, CEO, said in an email to employees.
Of the 195 senior executives that earned a salary of over Rs 5 lakh per month, 88 of them witnessed fall in their gross remuneration by 0.45 percent to 47.31 percent in 2015-16
The Securities and Exchange Board of India will soon ask for a response from Infosys over the issues regarding the severance package being paid to the former chief financial officer Rajiv Bansal and the acquisition of Israel firm Panaya
Despite the ongoing drama unfolding in the media and public, Vishal Sikka said less than 10 percent, or probably around 5 percent of investors, posed question pertaining to the ongling corporate governance issues
Making his first public statement on the row that broke out after co-founders Murthy, Nandan Nilekani and Kris Gopalakrishnan wrote to Infosys Board questioning hike in CEO's compensation and severance pay to quiting executives, Sikka said the company is based on a very strong fabric.
Murthy was responding to reports that he had backed down from the confrontation with the Board over corporate governance issues.
It is being reported that the Israeli firm was valued six times its revenue, even though the company was on the verge of shutting and had laid of several employees before the execution of the deal
Sikka may brief participating fund managers on issues that have prompted some of the company's co-founders, including N R Narayana Murthy, to publicly air their discontent against the board.
The founders have lashed out at Vishal Sikka and the board via a letter that highlights possible corporate governance issues under the new management.
Pai, who served as a board member of Infosys from 2000 to 2011, also said it was a "mistake" on the part of N R Narayana Murthy to "focus on only founders becoming leaders (CEOs)" which led many people to quit the company.
For the current year, Vishal Sikka's yearly compensation has been fixed at $11 million, sharply higher than $7.08 million in 2016
Concerned that RBI Governor Raghuram Rajan is leaving at a "tumultuous" time, India Inc said on Sunday global factors are posing multiple risks to India's economic stability, even as it hoped the structural changes by the apex bank chief will yield positive results going forward.