BENGALURU: Infosys will pay about Rs 32.5 crore (approximately $5.12 million) every year to its new chief executive Salil Parekh , subject to his achieving laid down milestones. That's significantly lower than the $11 million that former CEO Vishal Sikka was eligible to.Some of that difference perhaps arises because Sikka was based in the US, while Parekh will be stationed in Bengaluru. In his last full year (2016-17), he received only $3.68 million of variable pay because the company did not meet the laid-down milestones. "The flamboyant western salary and private jet use of Sikka created a major perception issue for Infosys internally. According to Equilar 's annual CEO pay report, technology CEOs received the lowest proportion of their total pay from base salary.

Source: Times of India January 05, 2018 00:45 UTC