India's No.4 IT services firm Wipro paid $20.1 million in annual compensation to former CEO Thierry Delaporte who resigned in April, well before his five-year term was set to end in July 2025. Wipro said the cash payment was "to enable a smooth transition, ensure business continuity and to ensure adherence to post-engagement obligations" such as maintaining confidentiality and avoiding making derogatory comments about the company. "The company would have taken into consideration the French employment laws which are vastly different than American and Indian employment laws and sided towards employees," Shriram Subramanian, the founder of proxy advisory firm InGovern Research, said.
Giants pitcher Blake Snell addresses the media after San Francisco tops Pittsburgh 9-5 on Wednesday night.Snell confident results will come after tough outing vs. Pirates originally appeared on NBC Sports Bay Area
It turns out convenience can come with a hefty price.