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M’sia-born Hock Tan, the highest paid CEO in US last year
Free Malaysia Today
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5/22/2024
However, the CEO of chipmaker Broadcom Inc must fulfil certain conditions to obtain the full US$162 million awarded to him.
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https://www.freemalaysiatoday.com/category/highlight/2024/05/22/msia-born-hock-tan-the-highest-paid-ceo-in-us-last-year/
Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.
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Transcript
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00:00
A Malaysian-born businessman was the highest-paid CEO in the U.S. last year, according to a
00:07
Wall Street Journal analysis.
00:09
Hock Tan, the CEO of chipmaker Broadcom Inc., beat the likes of Meta's Mark Zuckerberg and
00:15
Tesla's Elon Musk after being awarded a whopping $162 million in compensation.
00:22
Tan also topped the list in 2017 when he was awarded $103 million as Broadcom's CEO.
00:30
However, WSJ said Tan would only receive the full amount if certain conditions are fulfilled.
00:36
This includes Broadcom's stock hitting a certain level by 2025 and Tan staying on as
00:41
CEO for five more years.
00:44
The chipmaker's total market capitalization stands at $655 billion, with the company's
00:49
shares up by 106 percent over the past year.
00:53
Tan has been the Broadcom CEO since 2006 and a U.S. citizen since 1990.
01:00
Danish Rajareza, FMT News.
01:02
(upbeat music)
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