Infosys founder Murthy criticizes COO pay hike: reports

April 3, 2017 (Reuters) – The dispute between founders and board of India’s second largest software services company Infosys Ltd over governance issues spilled into the public again as founder Narayana Murthy criticized a salary hike given to Chief Operating Officer Pravin Rao. In a letter published in full text by some dailies including Business Standard, Murthy criticized the steep rise in Rao’s salary. (http://bit.ly/2nuNnN9) “Giving nearly 60 percent to 70 percent increase in compensation for a top level person (even including performance-based variable pay) when the compensation for most…

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