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From pay package to Panaya acquisition: What Infosys crisis is all about

Murthy has called off his battle with the Infosys board after change in severance pay rules

BS Web Team  |  New Delhi 

India's No.2 IT services company has been locked in an escalating public war of words with its founders and former executives, who have accused its board of lapses in corporate governance. Infosys' founders, who own 12.75 percent of the firm, have questioned the pay of Chief Executive Vishal Sikka and severance payouts given to others, including former finance head Rajiv Bansal.

According to local media reports, the founders have also questioned the appointment of an independent director. While Infosys founder N R Narayana Murthy appears to have called off the battle with ...

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First Published: Mon, February 13 2017. 13:25 IST