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Departing Infosys CFO Rajiv Bansal’s hefty severance package was one of the central issues in the row that broke out between the company’s founders and its board, but East is far behind the West in offering so-called golden parachutes to CXOs. However, the concept is said to be fast catching on as companies increasingly hire executives from overseas.
Severance for top employees in the technology and ecommerce startups sectors have started to match global standards, said Sanchit Vir Gogia, Chief Analyst and CEO of Greyhound Research.
[ET Tech]
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