Tan Hock Eng from Broadcom was the highest gainer by a whopping 1,586 percent, from $ 3.6 million to $ 60.7 million, according to data acquired by financial news portal Finbold.
Oracle’s Safra Ada Catz ranked the second-highest, with her compensation growing 999 percent.
“With the tech sector registering significant returns amid the pandemic coronavirus, the industry’s executives are also ranking high in compensation,” the report said.
Amazon’s Andy Jassy finished the top-five category with gains of 491.9 percent, from $ 35.8 million to $ 211.9 million.
Other executives who earned significant perks include Nvidia’s Jensen Huang (52.17 percent), Cisco’s Chuck Robbins (9.48 percent), and Meta’s
Elsewhere, Netflix CEO
Overall, the combined compensation of the selected executives for 2021 was $ 721.13 million, a 210.88 percent growth from the 2020’s figure of $ 231.96 million.
“Although the increase in bonuses might be a direct impact of the tech sector’s performance in the last two years, the standard justification for allocating high perks is to retain talent amid the pandemic,” the Finbold report mentioned.
Some executives are known to create corporate value, and their parent organization has resorted to compensating them with whatever it takes, it added.
On the flip side, the significant executive payout has reignited the wealth inequality in America.
Recently, US Senator Elizabeth Warren engaged in a war of words with Tesla CEO
According to Warren, billionaires should pay forward in taxes to support the next generation of entrepreneurs.
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