Wipro’s new CEO and MD, Srinivas Pallia, will receive a maximum compensation of $7 million per annum for the first two years, including a cash compensation that may range from a minimum of $1.75 million and a maximum of $3 million per annum.The IT major in a filing with BSE also said that the former CEO, Thierry Delaporte will be paid $4.33 million in the form of cash compensation and applicable social security contributions, subject to appropriate deductions. Meanwhile another exchange filing...
New Wipro chief executive, Srinivas Pallia who has just completed two weeks at his office, revealed his strategy to revive growth at the fourth-largest IT service major. After taking over the charge, he spoke to media for the first time during the announcement of Q4 earnings.Pallia, who has been with Wipro for over three decades, said, during the Q4 earnings that the building blocks are firmly in place, and he is committed to build on this. “While I remain optimistic about the long term, it is...
Music icons Eminem and Sting will headline performances at the 2024 Formula
Former JetBlue Airways CEO Robin Hayes has been named as the new head of Airbus' operations in North America, the European planemaker said Monday.
Expert recap and game analysis of the Pachuca vs. América Concacaf
Former JetBlue CEO Robin Hayes will join Airbus as the company’s North American leader. Hayes, JetBlue’s CEO for nine years, stepped down from the post on February 12. Hayes will take over the role of chairman and chief executive officer of Airbus Americas from Jeff Knittel, who announced his retirement on Monday. Hayes’ appointment comes at an important time for Airbus, as the European plane manufacturer seeks to win business from its American competitor Boeing after a series of missteps by its...
Call it a comeback, perhaps. Former JetBlue CEO Robin Hayes, who retired from the airline in February, will take over as chairman and CEO of Airbus Americas, the European plane-maker’s American region operation. Hayes’ appointment comes as Airbus Americas’ current chairman and CEO, C. Jeffrey Knittel, announces his retirement. The moves take effect June 3, …
Robin Hayes will run Airbus' North America business. Hayes left JetBlue in
Microsoft will invest $1.7 billion in Indonesia to empower the Southeast Asian country with cloud and artificial intelligence, including by building data centres, visiting chief executive Satya Nadella said in a seminar on Tuesday.
Broadcasters TV2 in Hungary and 1+1 in Ukraine have picked up Magnum Media in the UK’s entertainment format The 1% Club. Both local versions will go into production this summer and premiere later thi
The funds will also go toward training 840,000 Indonesians in AI skills and supporting the local community of developers.
Want more stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the free, daily ResiClub newsletter. On the company’s most recent earnings call, an analyst asked D.R. Horton CEO Paul Romanowski how the nation’s rising housing market inventory—which in March 2024 was 24% higher than March 2023, although still 37.7% below March 2019—are impacting the nation’s largest homebuilder. Romanowski acknowledged that there’s more housing market inventory today than there has been in the...