Wednesday, September 15, 2010

Patni CEO gets Higher Salary than Microsoft's Steve Ballmer


NEW DELHI: Patni Computer Systems, 90 times smaller than Microsoft by revenues, cannot hold a candle to the US software company on most counts. There is one notable exception though — CEO pay.

The cash portion of Patni chief executive Jeya Kumar’s compensation was twice that of Mircrosoft’s Steve Ballmer in 2009. An Australian citizen, Mr Kumar, 55, received Rs12.19 crore for the year to December 2009 compared to $1.26 million, or nearly Rs6 crore, for the fiscal to June 2009 for Mr Ballmer.

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