Caught in a maze with Covid-19, Cognizant rejigs top brass pay

Mumbai: Cognizant has linked the compensation of all top executives to its share performance relative to those of direct competitors. The company has also scrapped its ‘days sales outstanding’ metric, presumably in response to the Covid-19 pandemic.

CEO Brian Humphries and other top leaders receive fixed components like basic pay as well as non-fixed ones like performance-based pay. Humphries earned a total annual compensation of about $16.5 million in 2019.

Former CEO Francisco D’Souza, who stepped down from its board in February, earned around $29.2 million including a $750,000 bonus and stock awards accumulated during his time with the company.