Wipro’s Chairman Rishad Premji has taken a big compensation cut for the financial year ended March 2023. A report from
CNBC claimed that the executive took around a
50 percent cut in his remuneration and that he is now entitled to get a total compensation of
$951,353.
This is almost half the amount of what he received in the last fiscal, as per the cited source.
According to Form 20-F filed with US Securities and Exchange Commission, Premji's remuneration in the last fiscal year was $1,819,022. This clearly suggests that he lost about $867,669.