Cognitive CEO Ravi Kumar has a salary package of Rs 1.37 crore for fiscal 24, but what he really gets will shock you
CEO salary package: Cognitive CEO Ravi Kumar’s goal of paid package is FY24 ₹137 million, but he made about half of it – ₹According to the company filing, it is Rs 700 million. That’s why and other details…
Ravi Kumar, CEO of Cognitives, rose to an annual salary of 24 years, according to company filings with the U.S. Securities and Exchange Commission (US SEC). ₹According to the Time of India (TOI) report, $70 billion ($8.2 million). Paradoxically, while salary increases by 14% year-on-year (YOY), it is 50% less than Kumar ₹A financial compensation plan of 137 million yuan.
Cognitive CEO Ravi Kumar’s salary package – details
Component decomposition ₹137 million salary package:
Why did Ravi Kumar get nearly half of his salary?
According to the document, in Kumar’s salary plan ₹137 million, the salary he realized was ₹$7 billion, because, this year’s PSU awarded is only available in the future, but meets performance standards.
That’s what it says: “The Compensation Committee evaluated Mr. Kumar’s performance in the previous year and the updated information provided by the Companies peer group provided by Compensation Governance for CEOs at his February 2024 meeting. Based on these considerations, the Compensation Committee determined that Mr. Kumar’s 2024 target direct compensation should be increased to the 2024 target to increase (11%) in $16,100,000 (11%) to improve (11%) in $16,100,000 (11%) to perform (11%) in 2023 performance to perform (2023) in 2023 performance to perform (2023) in 2023. His performance is his effect in 2024. Taking into account the CEO’s compensation trends, the CEO’s compensation will be with the CEO in 2024.
“Mr. Kumar’s realization of compensation is significantly lower than his target direct compensation, mainly because his 2024 PSU grant program is satisfied with performance standards over the future term. His 2024 salary is paid primarily by his base salary, with its 2024 ACI reward, which is a 2024 ACI reward with a target of 107.3%.
It is worth noting that the application shows that Cognizant’s CEO of Cognizant’s salary ratio is 378:1. Until December 2024, the number of cognitive workers was approximately 3,36,800 global employees, including 2,41,500 in India and North America.
