CEO pay package, April 21 -- Cognizant CEO Ravi Kumar's targetted pay package for FY24 was set at Rs.137 crore, but he earned around half that number - Rs.70 crore, as per a company filing. Here's why and other details.

According to the company filing with the United States Securities and Exchange Commission (US SEC), Cognizant CEO Ravi Kumar's annual pay for FY24 rose to over Rs.70 crore ($8.2 million), as per a Times of India (TOI) report. Paradoxically, while this year's realised salary was up 14 per cent year-on-year (YoY), it was about 50 per cent less than Kumar's Rs.137 crore targeted pay package for FY24.

Components breakdown of the Rs.137 crore pay package:

As per the filing, According while Kumar's pay package was Rs.137 cror...