Pay Package

  • Zynga's new CEO Don Mattrick to get pay package worth some $50 million July 4, 2013

    San Francisco: Don Mattrick, the head of Microsoft Corp's Xbox business who will replace Zynga Inc founder Mark Pincus as chief executive next week, will get a hefty, largely stock-based compensation package of about $50 million in coming years, the company said in a regulatory filing on Wednesday. In his first...
  • Interns at Google mint more money than employees June 13, 2013

    Gone are the days when interning meant running around to get coffee or finishing chores for little or no money. Companies like Google are paying interns much more than what many full time employees are able to make in a year. ...
  • Mukesh Ambani foregoes Rs 24 cr from RIL salary May 12, 2013

    New Delhi: Reliance Industries' billionaire chief Mukesh Ambani has kept his annual salary capped at Rs 15 crore for the fifth year in a row, while foregoing nearly Rs 24 crore from the remuneration approved for him by shareholders. Ambani has kept his salary at the country's biggest private sector entity,...
  • Indian-origin Cognizant CEO gets over $ 10 mn pay package May 12, 2013

    New Delhi: Offshore-centric IT services major Cognizant has paid its India-origin CEO Francisco D'Souza a pay package of USD 10.61 million in cash, stocks and other benefits. The US-listed company, which has a large portion of its 1.63 lakh workforce in India, paid Frank a base...
  • Apple CEO Tim Cook's pay package drops 99 per cent from 2011 December 28, 2012

    New Delhi: Tim Cook has finally made it to the top at Apple Inc, but in his first full year as CEO his pay package shrank about 99 per cent. Cook, the successor to the late Steve Jobs, was awarded total compensation of $4.17 million in 2012, down from $378 million...
  • Motorola CEO Sanjay Jha's pay tripled in 2011 April 23, 2012

    Portland: Motorola Mobility Holdings Inc. CEO and Chairman Sanjay Jha's compensation more than tripled in 2011 to $47.2 million, including awards tied to the company's split from Motorola Solutions. The old Motorola Inc. divided into two companies in January 2011, and Google Inc. is now awaiting final approvals for its purchase...
  • Mumbai: Undergrads offered Rs 20 lakh pay package February 23, 2012

    Mumbai: The human resources circuit seems to be opening up to let in fresh(er) currents, and it is willing to pay for it. Lucrative job offers and high-salaried packages, traditionally the exclusive reserve of MBAs, engineers and post-graduates, are finding their way to graduates fresh out of colleges or still...
  • Microsoft lets shareholders vote on executive pay September 20, 2009

    New York: Microsoft Corp has approved a proposal to allow shareholders to vote on its executives' compensation, as US corporations' pay policies come under scrutiny in the wake of the financial crisis. Shareholders will be allowed to vote every three years on the pay of Microsoft executives, starting with the annual...
  • Bosses 'less likely to have cancer' February 17, 2008

    Melbourne: Fatter pay package and longer lunch aren't the only perks enjoyed by bosses. A new study has found that they are also less susceptible to cancer. Researchers at the University of Sydney in Australia have found that managers and administrators are significantly less likely to suffer from neo-plasms, or cancerous...
  • Ever wondered how much your boss makes? August 31, 2007

    New Delhi: Have you ever wondered how much your boss makes or how about your boss' boss? Well, if you work for an American company, you may not want to know, because according to a new report they are doing quite well these days. ...
  • Money matters at XLRI, Jamshedpur June 20, 2007

    New Delhi: It's raining money at XLRI, Jamshedpur. The average salary at the management school has increased by a whopping 50 per cent from Rs 8.4 lakh per annum last year to Rs 12.6 lakh per annum this year. The highest domestic salary bagged was Rs 16 lakh per annum,...
  • Higher pay or pay plus profit share? September 20, 2006

    Kartik Jhaveri Suppose I were to offer you a job and I say that, “You have a choice on compensation. Either you take Rs 25,000 fixed salary or you take Rs 15,000 fixed and you can have a 10 per cent share in profits.” Now think for three minutes. Which...
  • US Indians paid less than Americans September 12, 2006

    Washington: Indian IT workers are paid considerably less than their American counterparts who have similar qualifications, making the H-1B visa programme 'deeply flawed', according to a study. The study by the Institute of Electrial and Electronics Engineers US (IEEE-USA) said holders of H-1B visas, given to professionals in America and largely...