WSJ

In a Bumper Year for CEO Pay, One Chief’s $161 Million Award Swells to $1.3 Billion

Chip maker Broadcom gave Hock Tan, its chief executive, a $161 million stock award, instantly landing him among the highest-paid CEOs.

His payday could end up being even bigger, thanks to a surge in the company’s share price. Lately, the market has valued the underlying shares at roughly $1.3 billion.

The gains are revealed in new disclosures imposed by the Securities and Exchange Commission starting last year, including a measure of how much executives’ equity awards changed in value during the year. Previously, companies generally disclosed the value of such awards at the time of the grant.

Overall, pay for the top executives at 187 S&P 500 companies raced toward a new high in 2023, rebounding from sluggish growth in 2022, a Wall Street Journal analysis of pay data from MyLogIQ shows.

AddThis Website Tools
admin

Recent Posts

High-Profile CEOs See Security Perks Climb in Divisive Environment

Nearly 40 S&P 500 firms included security costs in their CEOs' perk packages last year,…

3 months ago

Hanging Around: More 65+ CEOs Stay On the Job

Within the next five years, major corporations from JPMorgan Chase to The Walt Disney Co.…

4 months ago

AI Disclosures Increase, yet Committee Charters Have Not Caught Up

Artificial intelligence is the single-largest area that boards have devoted time to in the last…

6 months ago

The Highest Paid CEOs of 2023

The chiefs of America’s biggest companies reached new pay heights in 2023 as stock awards…

6 months ago

Musk Effect Drives Spread of Supersize CEO Pay Packages

Elon Musk didn’t just upend the global auto business and space missions. The billionaire is…

6 months ago

Top 5 Highest Paid American CEOs Of 2023

In 2023, the leaders of America's largest companies saw their compensation packages soar to unprecedented…

6 months ago