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together with improved profitability, HCL's stock has gained
nearly 50% in the current calendar year so far. This compares
with 8.6% return by TCS stock and 11-16% drop in stocks of
Infosys and Wipro.
The question is whether HCL Tech will be able to retain its
growth momentum and its lead on bourses in the coming
quarters considering delays or cancellations of high-margin
discretionary projects by clients in the Western economies
and bleak chance of increase in billing rates for non-
discretionary projects. Here are some of the factors that
will help HCL Tech to stay ahead of competition. Tim Morse,
Yahoo's departing chief financial officer, will leave the
company with a severance package in accordance with a
termination without cause, the company said in a regulatory
filing Wednesday.
According to the filing, Tim Morse's severance includes 12
months' salary, an additional bonus of 12 months' pay as well
as part of his 2013 bonus, and early vesting of stock awards.
Morse's last official day with Yahoo will be November 15.
One of the first major decisions made by Marissa Mayer,
Yahoo's new chief executive was to replace Morse with
Fortinet CFO Ken Goldman, who was named to the position on
September 25.
Goldman is due to receive up to $18 million in salary,
bonuses, restricted stock, and stock options over the next
four years, according to a regulatory filing made a day after
his hiring. That is broken down into $1.1 million in salary
and bonus, restricted stock and performance-based stock
options worth as much as $12 million that will vest over four
years, and about $1.2 million in restricted stock to make up
for compensation lost for leaving Fortinet that will vest
over 12 months.
