Business Standard

Rajiv Bansal, the man who is in the eye of the storm at Infosys

An ugly fight has broken out at Infosys between the founders and the management led by CEO Sikka

Rajiv Bansal, Infosys, Former CFO
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Rajiv Bansal

Raghu Krishnan
An ugly fight has broken out at Infosys, the country’s most respected info-tech company, between the founders and the management led by CEO Vishal Sikka.

The bone of contention is the severance package of Rs 17.38 crore paid to former CFO Rajiv Bansal, which was equal to his 24 months’ salary. This was excessive, the founders said, and wondered if this was “hush money”, though an audit by a top law firm has ruled that out.

Over the last few days, the founders and the Infosys brass have played down the difference of opinion, and many have come out in

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