Wipro executive chairman Rishad Premji did not take any variable or commission pay from his annual remuneration for the second year in a row in FY24. The commission element was withheld as the company's incremental consolidated net profit for the year was negative, the IT company said in its recent 20-F filing with the US Securities and Exchange Commission.Premji took a pay cut of around 20% with a compensation package of $769,456 (around Rs 6.5 crore) in FY24 from $951,353 (around Rs 7.9 crore)... Read this story
