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Kumar will receive an annual base salary of 1 million, with an annual cash incentive compensation target of of his annual base salary up to 2 million. He will also be entitled to annual equity awards with a target grant date value of million, of which 46 million will be time-based restricted stock units RSUs vesting over a three-year period, and 69 million will be performance-based restricted stock units PSUs in addition.
Kumar will also receive 75, as a sign-on bonus and certain onetime new hire awards, including PSUs with a target value of 3 million and a payout range from 0 to of the target measured over a four-year performance cycle.
Among Kumar's peers, Wipro CEO Thierry Delaporte received million in the financial year, Delaporte earned 17 million in salary and allowances, 25 million in commission and variable pay, 2 million in long-term compensation, and 4 million in other categories. Kumar's former boss. The National Human Rights Commission NHRC has taken cognizance of the firing by the Assam Police in Meghalaya that resulted in the death of six people and has asked the Union home secretary and the chief secretary of Assam to suggest measures to prevent such incidents in areas of border.
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News Topic. Cognizant is an American multinational corporation that provides digital, technology, consulting, and operations services. It made an initial public offering in , after a series of corporate splits and restructures of its parent companies. During the dot com bust, it grew by accepting the application maintenance work that the bigger players were unwilling to perform.
Gradually, it ventured into application development, complex systems integration and consulting work. Cognizant had a period of fast growth during the s, becoming a Fortune company in In , the Fortune magazine named it as the world's fourth most admired IT services company. Read More. All Articles Videos Poor results, high attrition forced cognizant board to act. Poor results, high attrition compelled cognizant board to act. Lenders of Srei likely to call fresh auction for value push.
Ravi Kumar will have big impact: cognizant CEO. NHRC takes cognizance of Mukroh police firing. Living and entertainment iDiva MensXP. All rights reserved. Secure your account Please enter your valid contact number to receive OTP. Send OTP. Your contact number has been verified. Thank You! You have been loggedin via facebook. Almost Done!
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