Infosys Founders Said to Question Payments for CEO, Managers
- Three founders sent letter to board asking about compensation
- Infosys facing slower growth amid shift to cloud, automation
The board of Infosys Ltd., India’s second-largest technology services company, is facing questions over executive compensation and corporate governance in a letter sent by at least three of its founders, according to people with knowledge of the matter.
Narayana Murthy, Nandan Nilekani and Kris Gopalakrishnan have signed the document asking why Chief Executive Officer Vishal Sikka’s compensation was increased, said one of the people, who asked not to be identified discussing the contents of a private memo. Sikka was paid 487 million rupees ($7.3 million) in base salary, bonus and benefits last year, compared with a base salary of 45.6 million rupees for a partial period in 2015. The letter also questioned severance packages offered to two top-level executives who departed the company.