Who Were The 101 Highest-Paid Channel Execs In 2016?
Submitted by Michael Novinson on
24. Prashant Ranade, Syntel: $4.55M
Position: Co-Chairman
Stock Award: $4.03M
Salary: $473,000
Bonus: $37,000
Other Compensation: $10,000
Ranade joined Syntel's board of directors a decade ago, and served as the company's president and CEO from February 2010 to April 2014. He was elevated to co-chairman of Syntel's board in November 2016.
The fiscal year for Syntel, No. 38 on the CRN SP 500, ended Dec. 31, with sales for the Troy, Mich.-based company dipping 0.2 percent to $966.6 million and a net loss of $57.4 million, down from net income of $252.5 million last year. Syntel's stock nosedived by 55.5 percent during the 2016 calendar year to $19.79 per share.
Other compensation for Ranade included $8,000 for the cost of providing a car and driver, $1,000 in premiums for medical, accidental death, and life insurance coverage, as well as a payment to a defined contribution plan and club membership fees.