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. …

[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?

[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.

[Ace2]

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.