Infosys Board attacks Murthy

Infosys Board attacks Murthy

The Infosys Ltd board of directors headed by chairman R Seshasayee has been at the receiving end of criticism by a group of founders of the company. The group, who are key shareholders, is led by Narayana Murthy. They have accused the board of not reining in CEO Vishal Sikka, for according the CEO a huge salary hike in 2015 as well as for not being vigilant enough to suspected wrong doing in the course of acquisitions. Surprisingly, Vishal Sikka after stepping down as CEO on Friday was appointed by the Board as executive vice chairman. U B Pravin Rao has been appointed as the interim CEO and Managing Director of the company. Major events since Vishal Sikka's appointment as CEO