back to article Infosys board asks boss Salil Parekh to stay another 5 years

Infosys has extended Salil Parekh's term as CEO and managing director for an additional five years, according to a stock exchange filing made on Sunday. Parekh, who took on the role in January 2018, will now lead the IT services giant until March 2027, states the letter [PDF] penned by company secretary AGS Manikantha. …

  1. Nifty

    If the churn is 25% then for those with the highly transferable skills, it must be nearer 33%. While execs get stock options. Can anyone see what's wrong with this picture?

    1. Anonymous Coward
      Anonymous Coward

      The reasoning is:

      a) At least 1 in 4 of the staff are disloyal to the company, so good riddance.

      b) The loyal exec's deserve to be rewarded as it is obvious their reason for staying is a love for the company.

      1. Ace2 Silver badge

        Besides, if we don’t pay them tens of millions per year, someone else will!

        We would miss out on that sweet, sweet executive talent, which everyone knows is irreplaceable.

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