Rather than using this cash to improve shareholders’ return, the old guard believes, the current management rewarded certain employees with hefty compensation and severance packages. The red flag was raised days after Vishal Sikka took over at the helm of Infosys on August 1, 2014. Pai confirmed that the letter was written by the three in August 2014 and that the company did not act on it. But currently at Infosys, it is about 2000 between the CEO salary and the entry-level salary for a software engineer. At the end of the quarter ending December 2016, the company had cash and cash equivalent and investments to the tune of $5.25 billion, up from $4.76 billion a year ago.

Source: Indian Express February 10, 2017 22:56 UTC