Tan, born in Penang in 1951, took home an eye-watering $218.8 million last year.
, the CEO with the highest compensation package around the globe is Chinese-American business executive Tan Hock Eng of semiconductor company Broadcom.Since the average yearly salary in Singapore is around S$70,000, this means that the average Singaporean earns just 0.032 per cent of Mr Tan’s pay package.
Not that this is news to anyone, of course. This is not the first time the businessman made the top of the list of CEOs with the highest salaries. As far back as 2017, he was already named the top-earning CEO in US when he took home US$103.2 million that year, besting Apple’s Tim Cook, Google’s Sundar Pichai, and Facebook’s Mark Zuckerberg.reported that Mr Tan had received an eye-watering 318 per cent increase in his salary from 2016, when he took home “just” US$24.7 million .
While his base pay in 2017 was US1.1 million, he received a performance bonus of US$3.7 million, and his shares were valued at US$98.3 million. One can only imagine that these figures are much higher now. However, for this year, there are strings attached to Mr Tan’s pay package. For instance, his compensation is dependent on whether or not Broadcom’s stock reaches a specific level by next year. Also, he needs to stay on as the company’s CEO for the next five years.Massachusetts Institute of Technology, and by 1975, graduated with bachelor’s and master’s degrees in mechanical engineering. A few years later, he obtained an MBA at Harvard.
In spite of his millions, Mr Tan has called himself “kind of a frugal guy.” But he is also known for his generosity to causes close to his heart. As the father of two children with autism, he and his family have donated US$30 million to autism research.He and his Singapore-born wife K. Lisa Yang have also donated millions to MIT and Cornell University, Ms Yang’s alma mater.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
17-year-old Singaporean kitefoiler Maximilian Maeder retains world titleThe Asian Games gold medalist has now won five events in a row.
Read more »
'Blood stains on main door': Singaporean couple shaken after 'gangsters' attempt to break into JB AirbnbOne Singaporean couple was left shaken and jumpy in Johor Bahru after fending off intruders who tried breaking into their Airbnb rental. In a post on Lemon8 last Saturday (May 18), a woman with the username Lilac said that the ordeal happened when she was lounging in a condo at Mount Austin. Her boyfriend was sleeping with silicone ear plugs...
Read more »
Singaporean asks if “living with parents until 35” has stunted the growth of our younger generationHe said he has friends who are close to 30 but still haven't picked up basic cooking or laundry skills because their parents do it for them at home
Read more »
Johor police station attack: No Singaporean detained, says Malaysian police chiefpThey will be remanded from May 18 to 24./p
Read more »
Johor police station attack: Singaporean among 7 people detained, suspects to be remandedThey will be remanded from May 18 to 24.
Read more »
Singaporean David Tan in MasterChef Australia’s Top 22SINGAPORE – “You are absolutely mad.”
Read more »