C.P. Gurnani Fires Employees, Takes Home Rs 146 crore

News : ₹ 146.19 crore. That’s how much Tech Mahindra paid CEO C.P. Gurnani in FY18

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Very good article.. I request everyone to go through this article.. the numbers and their analysis bring up several questions..!!

//Tech Mahindra’s chief executive officer C.P. Gurnani earned ₹ 146.19 crore in remuneration in 2017-18, bringing his total earnings over the last five years to ₹510 crore.//

//Gurnani’s ₹510 crore in earnings is about 24% more than the combined earnings of ₹387.92 crore of nine CEOs at the four largest IT companies, including Tata Consultancy Services Ltd (TCS), Infosys Ltd, Wipro Ltd and HCL Technologies Ltd, over the last five years.//

//Tech Mahindra’s vice-chairman Vineet Nayyar who retires this year, earned ₹363.13 crore during this period, making the total payout by the company to two of its senior-most executives to ₹873.16 crore over the last five years.//

//“If one looks at the last five years of growth, Tech Mahindra has been the fastest-growing company amongst the top five and the stock has been one of the best performers amongst peer group,”//

Based on the above statements

If company is performing well.. Why there was layoffs and Forced resignations?? Why there was no Hike for those employees?

Two of its senior-most executives were given ₹873.16 crore over the last five years. What was average salary of employees in the last 5 years and how many fresh graduates can be given job with this money?

– Raj 

Permanent link to this article: http://new-democrats.com/c-p-gurnani-fires-employees-takes-home-rs-146-crore/

3 comments

    • Kasirajan on July 11, 2018 at 4:43 pm
    • Reply

    Still, TCS chief executive Rajesh Gopinathan earned ₹12.49 crore, as against Gurnani’s ₹146.19 crore last year.

    Vishal Sikka, Infosys’s former US-based CEO, who faced criticism over higher salary from some of the software services company’s founders, earned ₹111.32 crore over three years.

    why Layoffs in Tech Mahindra CEO?

    • Kasirajan on July 11, 2018 at 4:43 pm
    • Reply

    “Capitalism is still trying to find a comfortable home in India and it is such instances of high, excessive compensation which in a democracy likes ours gives capitalism a bad name,” said Gurcharan Das, author and former chief executive officer of Procter & Gamble India.

    “The fact is that flaunting wealth is distasteful and imprudent in our country. The last thing you want is the government to get involved in fixing salaries, but one should not forget that it is these examples of inequality that has partially contributed to leaders like Donald Trump getting elected in the US because it bothers a lot of people. The board of Tech Mahindra and Anand Mahindra (chairman of Tech Mahindra) should use self-restraint and make sure that there is no resentment among employees in Tech Mahindra,” Das said.

    • Kasirajan on July 11, 2018 at 4:45 pm
    • Reply

    Tech Mahindra’s vice-chairman Vineet Nayyar who retires this year, earned ₹363.13 crore during this period, making the total payout by the company to two of its senior-most executives to ₹873.16 crore over the last five years.

    Are they done 10000 people work ?
    What makes them so special to get high salary ?

    Without employees, Supervisors are nothing?

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