Crorepati's count at Wipro drops from 70 to 51
posted on Jun 25, 2016 5:47PM
Wipro is one of the biggest firms which gives its executives million dollar pay packages. According to its annual report while there were 70 crorepati last year, it has fallen down steeply from that number to 51 in the year ended March 2016. One of the reasons for the fall in numbers is due to some high-profile executive level departures which Wipro has seen happening recently. In a statement, Wipro said, "There has been a change in methodology with respect to inclusion of Restricted Stock Units as part of employee compensation for the current year and therefore the comparison of compensation with previous year is not on an apple to apple basis".
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