Severance Pay

Over 90 percent of the valid votes by shareholders were cast in favour of the severance pay

Wipro CEO Pallia to earn up to $6 mn a year; Delaporte gets $4.33-mn severance package

Wipro has also granted Pallia long-term incentives in the form of employee stock option plans totalling $4 million.

Amazon to pay severance to laid off warehouse workers in Sonepat facility

The workers, who were employed through a staffing agency, were left without a job after the facility was closed down

Infosys delayed recording minutes of Bansal payout till January

The severance pay to Rajiv Bansal and the hike in CEO Vishal Sikka‘s pay are at the heart of the corporate governance row at Infosys between the board and the co-founders

Disappointed with Infy's explanation on issues: Balakrishnan

Infosys former CFO V Balakrishnan today said he was disappointed that the company did not offer "concrete answers" on matters like CEO compensation and severance pay to former executives, and insisted that the board need to take the "first step" to address the concerns raised.

Infosys defends ex-CFO severance pay; says wasn't 'hush money'

"The concerns raised over CFO Rajiv Bansal's severance pay are valid.... But they said it was hush money, which was deeply disturbing," said Infosys Chairman R Seshasayee.

Basis for severance pay must be made clear, say hiring experts

Human resource experts said that one to two years is the average pay given to senior employees at the time of exit, but companies should give out a clear rationale behind such transactions.

At Infosys, issue is difference in perceptions: Mazumdar Shaw

This time it is Infosys that is caught up in the net of the 'bitter boardroom battle' as the rift between the founders and the board is out in the open. But, Kiran Mazumdar Shaw, Independent Director at Infosys says, “these are not governance issues, these are differences in values and perceptions.”

US lawmakers propoe measures to prevent H-1B visa misuse

Several US lawmakers have proposed revisions to visa laws to include measures allowing former employees to contest their layoffs after a number of American workers lost their jobs to immigrants from countries like India on H-1B and other work visas, a media report said today.

Yahoo CEO could take home $55 million severance package

Yahoo CEO Marissa Mayer will walk away with a USD 55 million severance package if the company's auction of its internet operations culminates in a sale that ousts her from her job.