Vice Chairman of Wipro, Mr. Vivek Paul is likely to be the leading person of the country with the highest paid professional executive as he took home an annual salary of Rs. 5.7 crore including incentives and commission for the year ending March 31, 2004.

According to the latest filings before the Securities and Exchange Commission, US, Azim Premji's salary was Rs. 1.8 crore. The difference in the salary was on account of the differing commissions paid. Azim Premji's commission is at the rate of 0.1% of Wipro's net profits and Vivek Paul's is 0.3%. Other top management executives like Mr. Suresh Senapathy, CFO, took home Rs. 68.04 lakh, Mr. Girish Paranjpe, President, finance and insurance Wipro Technologies took Rs. 53.15 lakh, Mr. Suresh Vaswani President, Wipro InfoTech, Rs. 57.28 lakh, Mr. Vineet Agrawal, president Wipro Consumer Care and Lighting, Rs. 55.71 lakh. Mr. Vivek Paul also holds 3.97 lakh Wipro shares including Esops granted by the company.

Source: www.economictimes.com

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