Broadcom CEO compensation more than doubles to $161.8 million in 2023
Chipmaker Broadcom CEO Hock Tan’s annual compensation extra than doubled to $161.8 million in 2023, a submitting with the Securities and Alternate Fee (SEC) showed on Monday.
Tan’s 2023 pay, which became once fueled by stock awards of $160.5 million, became once 510 instances the median wage of workers at the chip agency.
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His pay in 2022 came in at $60.6 million, with $Fifty three.9 million in stock awards.
The chipmaker closed its $69 billion acquisition of cloud-computing agency VMware last yr, after receiving regulatory approval in its key market China and ending a months-long saga.
Broadcom posted 2023 revenue of $35.82 billion, and its stock has risen about 17 per cent to this level in 2024 after almost about doubling last yr.
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Source: Reuters
