Pay cut for Mynampati?
Ram Mynampati, former interim CEO of tainted Satyam Computer Services, and his other senior colleagues may have to take a huge cut in their salaries.
By Sonali Krishna & Sreekala G, ET Bureau |
HYDERABAD: Ram Mynampati, former interim CEO of tainted Satyam Computer Services, and his other senior colleagues may have to take a huge cut in their salaries.
The Satyam board, functioning on a shoestring budget, is vetting a proposal to slash target variable pay. It has decided to layoff its top-level employees to trim costs.
Other associates of the firm with 53,000 employees will see a pay-cut. This would include those working overseas.
The Satyam board, functioning on a shoestring budget, is vetting a proposal to slash target variable pay. It has decided to layoff its top-level employees to trim costs.
Other associates of the firm with 53,000 employees will see a pay-cut. This would include those working overseas.
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