If neither Elon Musk nor Mark Zuckerberg is the highest-paid CEO in America, then who is?
The highest-paid CEO in the United States is Hock Tan of Broadcom, not Tim Cook of Apple, Elon Musk of Tesla, or Mark Zuckerberg of Meta Platforms, according to a Wall Street Journal (WSJ) analysis released this week.
Tan, 71, received a $162 million payout last year, but the Wall Street Journal reported that he won’t get the entire sum until his company’s stock reaches a specific price by 2025.
According to Broadcom, Tan’s compensation was also contingent upon him holding his position for an additional five years, and until then, he would not be eligible for any further equity grants or cash bonuses.
The semiconductor company’s shares have increased by 27% this year and 106% over the last 12 months, according to Business Insider, bringing its entire market valuation to $655 billion.
Born in Malaysia Tan has been the CEO of Broadcom since 2006. In 2017, he received a $103 million award, which put him at the top of the WSJ list.
The data indicates that Steve Schwarzman of Blackstone and Nikesh Arora of Palo Alto Networks both received nine-figure incomes in 2023 as CEOs.
Arora received $151 million, primarily through share grants for the ensuing three years.
On the other hand, Schwarzman, well-known for his lavish lifestyle and previous endorsement of Donald Trump, made $120 million.
Palo Alto Networks’ and Blackstone’s shares increased by 110% and 54% in the previous year, respectively.
Ted Sarandos of Netflix, David Zaslav of Warner Bros. Discovery, and Tim Cook of Apple are among the top ten highest-paid CEOs in the US.
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