Penang-born Tan Hock Eng, also known as Hock Tan, was recognized as the highest-paid CEO in the United States last year, receiving a staggering $162 million in compensation in 2023, according to a Wall Street Journal analysis. However, Tan’s full payout is dependent on Broadcom’s stock reaching a certain level by 2025. Additionally, his salary is contingent on him staying in his role for another five years, during which he will not receive any further equity or cash bonuses. Tan has been the CEO of Broadcom since 2006 and previously topped the WSJ list in 2017 when he received $103 million. He has been with Broadcom since he was part of the initial group of employees in 1996. In February, META announced that Tan would be joining the company’s board of directors.
In summary, Penang-born CEO Hock Tan was named the highest-paid CEO in the United States in 2023, with a compensation of $162 million, contingent on certain conditions. Tan has been at the helm of Broadcom since 2006 and has been with the company since its early days in 1996. More recently, he was announced as a new addition to META’s board of directors in February.
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https://thesun.my/local_news/penang-born-hock-tan-was-united-states-top-paid-ceo-in-2023-KA12479030
