Indian CEOs Are Far Behind The US Ones In Severance Pay Packages

Indians are way behind the USA, when it comes to severance package doled out to the CXOs. Compared to 3-5% Indians getting the severance pay as a safeguard clause in their contracts, it’s almost 60-70% in the USA. The scenario came to light when the exit of Infosys CFO Rajiv Bansal happened. It has been reported that the departing Infosys CFO was gifted the “so-called golden parachutes”.

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.

[Business Insider]

 

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