Hyderabad, May 1 -- The annual compensation, which includes the basic salary, of the newly-appointed Chief Executive Officer (CEO) of Wipro, Srini Pallia, will be in the millions in the first year.

According to reports, his annual compensation may reach as high as USD 6 million.

Wipro CEO salary includes base Salary of USD 1.7-3 million

The compensation package of the Wipro CEO comprises a base salary ranging from USD 1.7 million to USD 3 million and a target variable pay of USD 1.7-3 million per year.

The variable component of the Wipro CEO's salary will be decided by the board of directors based on the achievement of revenue, profit, and other relevant criteria.

In addition, he will be granted stock compensation amounting to USD 4 ...