CEO pay increases by many millions of US dollars

2023-08-06 04:21:27

(MENAFN) Although several tech titans were on the verge of or implemented mass layoffs last year, CEO pay increased by many millions of US dollars, based on an ABC News analysis of information provided by research company Equilar in the months of May and June.

According to Equilar statistics, Alphabet CEO Sundar Pichai was paid more than USD225 million last year, a 3,474 percent rise from a year earlier, making him the country's most-paid CEO.

Alphabet revealed intentions discharge 10,000 employees towards the beginning of this year.

According to the statistics, CEO Satya Nadella of Microsoft, who announced intentions to dismiss 10,000 staff in January, got about USD55 million last year, an increase of ten percent from the previous year.

In accordance with an ABC News study of Equilar data, Meta, Uber, as well as Salesforce are amongst over twelve tech firms that handed their CEOs a pay raise in 2022, while declaring discharges at some time since the beginning of last year.

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