NITES President Harpreet Singh Saluja told CNBC that Indian IT CEOs are taking home “obscenely high salaries” despite pandemic layoffs.
Infosys did not comment when contacted by CNBC, citing its quiet period ahead of its upcoming earnings report, scheduled for July 24.
"These are offshore companies. They are not American companies. They grew, not because of a mercenary attitude towards people, but because of a people-centric attitude," he said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
4 Things That Set Successful CEOs ApartAt the top of the ladder, the stakes are high and the demands intense. Too many CEOs falter in the job; about a quarter of the Fortune 500 chiefs who leave their firms each year are forced out. Clearly, boards do not always get their hires right. In conducting an analysis of in-depth assessments of 17,000 executives, the authors uncovered a large disconnect between what directors think makes for an ideal CEO and what actually leads to high performance. The findings of their 10-year research project challenge many widely held assumptions. Charisma, confidence, and pedigree all have little bearing on CEO success, it turns out. Instead, top performers demonstrate four specific business behaviors: (1) They’re decisive, realizing they can’t wait for perfect information and that a wrong decision is often better than no decision. (2) They engage for impact, working to understand the priorities of stakeholders and then aligning them around a goal of value creation. (3) They adapt proactively, keeping an eye on the long term and treating mistakes as learning opportunities. (4) They deliver results in a reliable fashion, steadily following through on commitments.
Read more »
'CEOs, Not Working People, Are Causing Inflation': Report Shows Soaring Executive Pay'When you look at those numbers and at CEOs trying to blame workers for inflation, it just doesn't add up,' said the secretary-treasurer of the AFLCIO.
Read more »
Netflix loses nearly 1 million subscribers, and its stock soarsNetflix outpaced its own gloomy quarterly forecasts, stemming subscriber losses and posting higher revenue despite a more competitive streaming landscape and challenging economic environment.
Read more »
Hollywood Casting Software Firm Talent Systems Sold to Private Equity GroupRedBird Capital Group and StepStone Group unveiled a deal to acquire Talent Systems, a company that specializes in technology tied to the casting and auditioning process.
Read more »
Mega Millions Jackpot Climbs to $530 Million, 8th Largest Prize EverThe next drawing is Tuesday, July 19 at 11 p.m. ET
Read more »
Feds missed nearly $500 million in debts because of ‘software error’The federal government missed nearly $500 million in uncollected debts because of a software error at the Treasury Department, according to a new audit released Monday by the Office of Special Counsel.
Read more »