Americas

America’s Top-Earning CEO Raked in a Whopping $162 Million Last Year, With a Major Catch

by
America’s Top-Earning CEO Raked in a Whopping 2 Million Last Year, With a Major Catch

Broadcom CEO Hock Tan’s $162 million pay package is contingent on meeting specific benchmarks, as outlined in a recent Wall Street Journal analysis. The analysis delves into the criteria Tan must fulfill in order to receive his full compensation. Article Source https://www.msn.com/en-us/money/markets/america-s-highest-earning-ceo-was-awarded-a-staggering-162-million-last-year-but-there-s-a-catch/ar-BB1mMuYS?ocid=weather-verthp-feeds

America’s highest paid CEOs as salaries soar

by
America’s highest paid CEOs as salaries soar

A recent analysis by the Wall Street Journal revealed that the median salary for CEOs of the largest companies in America has increased to $15.7 million, up from $14.5 million in 2022. This data highlights the continued trend of rising CEO compensation in the corporate sector. The analysis also underscores the growing wealth disparity between … Read more

There’s a Catch: America’s Highest-Earning CEO Raked in $162 Million Last Year

by
There’s a Catch: America’s Highest-Earning CEO Raked in 2 Million Last Year

Broadcom’s CEO, Tan, received a compensation package of $162 million last year, with the condition that he will only get the full amount if the company’s stock reaches a certain level by 2025. Additionally, Tan’s salary is contingent on him staying in his position for another five years, during which he will not receive any … Read more

Bay Area tech layoffs soar to brutal heights with huge VMware job cuts

by
Bay Area tech layoffs soar to brutal heights with huge VMware job cuts

PALO ALTO, California — Tech industry job cuts in the Bay Area have reached two new grim milestones with the disclosure that the Broadcom purchase of VMware will spawn well Source link

Broadcom closes downtown Boston office, cutting 150 jobs – The Boston Globe

by
Broadcom closes downtown Boston office, cutting 150 jobs – The Boston Globe

California-based tech giant Broadcom is closing an office in Downtown Crossing and axing 150 jobs there as part of a much broader cost-cutting effort following the completion of its VMware acquisition. Broadcom informed the Massachusetts Division of Career Services on Nov. 27 that it will close its entire VMware office at 2 Avenue de Lafayette … Read more

SG Americas Securities LLC Invests $927,000 in VMware, Inc. (NYSE:VMW)

by
SG Americas Securities LLC Invests 7,000 in VMware, Inc. (NYSE:VMW)

SG Americas Securities LLC purchased a new stake in VMware, Inc. (NYSE:VMW – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,452 shares of the virtualization software provider’s stock, valued at approximately $927,000. Other large investors have also modified their … Read more