Executive compensation – Page 2 – Business Insider Australia

Strategy Feb. 5, 2020, 4:30 AM

Elon Musk is getting closer to a massive payday — here’s how he could become Jeff Bezos-level wealthy

Tesla CEO Elon Musk is on the path to unlocking the first part of his massive compensation agreement with the electric carmaker. We decided to look at just how much more wealth Musk would have if the full package pays out. He would likely be in the same range as […]

Strategy Jan. 24, 2020, 4:17 AM

Elon Musk just cleared the first of 12 levels that end in a $55 billion payday. Here’s how his elaborate Tesla compensation plan works.

In an updated SEC filing on Thursday, Tesla’s board confirmed that CEO Elon Musk has officially met the requirements to unlock the first tier of a massive payday. According to the company’s 2018 compensation agreement with Musk, hitting this milestone will unlock stock options that could net him over $US700 […]

News Nov. 6, 2019, 2:18 AM

Boeing’s CEO will forgo most of his pay for 2020, following sharp criticism from Congress over the company’s 737 Max scandal

BoeingCEO Dennis Muilenburg will forgo most of his pay for 2020, the company’s chairman said Tuesday. Muilenburg was grilled by lawmakers last week about his nearly $US15 million in 2018 pay amid the company’s ongoing 737 Max scandal. The plane has now been grounded around the world for nearly a […]

Tech Oct. 17, 2019, 8:47 AM

Microsoft CEO Satya Nadella made $42.9 million in its last fiscal year — up 65% from the year before

Microsoft CEO Satya Nadella’s pay during the company’s most recent fiscal year is up 65 per cent to $US42.9 million. A big part of Nadella’s higher compensation includes stock awards related to Microsoft’s increasing market cap. Nadella made 249 times more than the company’s median employee in fiscal year 2019. […]

Strategy Sep. 15, 2019, 10:00 PM

A mathematical technique originally developed to help build the atomic bomb is now used to figure out how much CEO pay packages are worth — like with Elon Musk

Executive compensation packages have gotten more complicated over time. CEOs are frequently paid in stock shares or options that only vest if certain market or financial goals are met. To figure out an estimate of the fair present value of such plans, companies and executive compensation consultants often use what’s […]

Strategy May. 25, 2019, 9:00 PM

Elon Musk made more in 2018 than the next 65 highest-paid CEOs combined, according to a report

According a report on CEO compensation in 2018 from The New York Times,TeslaCEO Elon Musk was paid nearly $US2.3 billion last year. This is more than the next 65 highest-paid CEOs combined. Tesla has had its share of turmoil over the last year, and its stock price has fallen dramatically […]

Tech Apr. 12, 2019, 7:48 AM

Uber gave CEO Dara Khosrowshahi $45 million in total pay last year, but it paid its COO even more

Uber paid its top five executives $US143 million in total compensation last year. CEO Dara Khosrowshahi’s pay package was $US45 million, but he wasn’t Uber’s top-paid executive. That was Barney Harford, the company’s chief operating officer, who received $US47.3 million in total compensation. Uber disclosed the salaries as part of […]

Markets Jan. 16, 2019, 9:15 PM

A $57 million pay dispute sees Andrea Orcel get dumped as new Santander CEO before even getting started

Santander said late on Tuesday that it will no longer be appointing UBS executive Andrea Orcel as its new CEO. The Spanish banking giant said that the level of compensation that was required to hire Orcel was “unacceptable.” The sticking point in bringing Orcel to Santander was years of compensation […]

Tech May. 8, 2018, 8:10 AM

Snap is giving an Amazon exec $20 million in stock to replace its CFO one week after reporting disastrous earnings

Snapchat parent company Snap is appointing an ex-Amazon exec as its new CFO. Tim Stone is replacing Andrew Vollero, who was in the job for just over two years. Snap has had a turbulent year since its IPO, and its stock recently plummeted after disappointing earnings. Snapchat’s parent company Snap […]

Tech Feb. 23, 2018, 7:30 AM

Evan Spiegel wasn’t the only one at Snap who got a huge bonus last year — fellow exec Imran Khan got $100 million

Snap on Thursday published its annual report, which detailed the compensation it paid executives last year. The report revealed that the company gave Imran Khan, its chief strategy officer, a $US100 million stock award in January, days before its initial public offering. The report also revealed the value of the […]

Tech Jan. 10, 2018, 10:25 AM

‘These are bad facts for him’: Intel CEO’s $24 million stock sale before disclosing the chip flaw could trigger lawsuits, SEC inquiry

Institutional investors are talking to plaintiffs lawyers about potentially filing suit against Intel over CEO Brian Krzanich’s massive stock sale in November. Krzanich gained some $US24 million by selling all the shares and options he was allowed to sell under a plan he put in place only the month before. […]

Tech Jan. 9, 2018, 3:43 AM

Never mind the gadgets, here’s what to look for at CES

CES is usually full of boring announcements about products that fail to catch on with the public after the show ends. But the giant tech-industry confab will highlight several key trends, including ones involving connected cars and voice-controlled devices, that will influence consumer technology in the coming year and beyond. […]

Tech Jan. 4, 2018, 12:30 PM

Intel was aware of the chip vulnerability when its CEO sold off $24 million in company stock

Intel CEO Brian Krzanich sold off $US24 million worth of stock and options in the company in late November. The stock sale came after Google had informed Intel of a significant vulnerability in its chips – a flaw that became public only this week. Intel says the stock sale was […]

Tech Sep. 30, 2017, 6:35 AM

The median employee at Salesforce made $155,284 last year — just 3% what CEO Marc Benioff took home

The median Salesforce employee made $US155,284 during fiscal year 2018, which ended January 31. That’s just 3% of CEO Marc Benioff’s compensation for the fiscal year: $US4,653,362. While Benioff’s seven-figure salary is nothing to gawk at, it doesn’t tell the full story. Equity wasn’t included in the fiscal year 2018 […]

Tech Sep. 7, 2017, 9:40 AM

Larry Ellison won’t get paid any more equity unless he gets Oracle’s stock up to $80

If Oracle CTO and renowned billionaire Larry...

Markets May. 7, 2017, 3:46 AM

BUFFETT: Here’s the kind of person I’d like to head up Berkshire Hathaway when I’m gone

Wealth, experience, and humility are among the traits that Berkshire Hathaway CEO Warren Buffett has said he would like his successor to have. Shareholders will be reading Warren Buffett’s annual letter, due on Saturday, for anything he says about who might replace him. In January, Buffett promoted two senior executives […]

Markets May. 2, 2017, 11:59 PM