The highest-paid CEO in the United States is not the well-known names of Tim Cook, Elon Musk, or Mark Zuckerberg, but rather Hock Tan of Broadcom, according to a recent analysis by The Wall Street Journal. Tan, a Malaysian-born CEO, received $162 million in compensation last year, contingent on his company’s stock reaching a certain level by 2025. He must also remain in his position for another five years to receive any further equity or cash bonuses.
Broadcom, a semiconductor company, has seen its shares rise significantly in the past year, with a 27 percent increase this year alone. Tan has been the CEO of Broadcom since 2006 and previously topped the highest-paid CEO list in 2017 with a $103 million salary. Two other CEOs, Nikesh Arora of Palo Alto Networks and Steve Schwarzman of Blackstone, also earned nine-figure salaries in 2023. Arora earned $151 million largely through stock donations over the next three years, while Schwarzman earned $120 million.
Palo Alto Networks and Blackstone saw significant increases in their share prices last year, with Palo Alto Networks rising by 110 percent and Blackstone by 54 percent. Other familiar names like Apple’s Tim Cook, Netflix’s Ted Sarandos, and Warner Bros. Discovery’s David Zaslav also made the list of the top 10 highest-paid CEOs in the United States, while no women featured in the top 25.
In conclusion, Hock Tan of Broadcom emerged as the highest-paid CEO in the United States, surpassing well-known tech giants like Tim Cook and Elon Musk. Tan’s compensation is tied to his company’s stock performance and his continued tenure as CEO. Other CEOs earning nine-figure salaries included Nikesh Arora of Palo Alto Networks and Steve Schwarzman of Blackstone, with significant share price increases for both companies. The list of top-paid CEOs also featured names like Ted Sarandos and David Zaslav, with a notable absence of women in the top 25 earners.
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https://www.scmp.com/news/asia/southeast-asia/article/3263548/malaysias-hock-tan-beat-out-apples-tim-cook-teslas-elon-musk-and-metas-mark-zuckerberg-be-top-paid