Nvidia CEO Jensen Huang Receives 60% Pay Hike to $34.2 Million in 2024
Nvidia CEO Jensen Huang received a 60% pay hike to $34.2 million in 2024, driven by the company's remarkable performance and commitment to rewarding its top executives and employees.
Nvidia CEO Jensen Huang Receives 60% Pay Hike to $34.2 Million in 2024
In a recent filing, Nvidia revealed that its CEO, Jensen Huang, received a significant pay hike in the fiscal year 2024, with a compensation package worth $34.2 million. This represents a 60% increase from the previous year's compensation package, which was valued at $21.4 million.
Stock Awards and Bonuses
The compensation package includes $26.7 million in stock awards, $4 million in cash bonuses, and $2.5 million for other expenses. This substantial increase in compensation is largely attributed to Nvidia's remarkable performance in the past year, with its stock price tripling and reaching a market capitalization of $2.3 trillion, making it the third-most valuable company globally.
Executive Compensation
Colette Kress, Nvidia's chief financial officer, also saw a significant increase in her compensation package, which rose by about 22% to $13.3 million. This increase is a testament to the company's success and its commitment to rewarding its top executives for their contributions.
Employee Compensation
The median employee compensation at Nvidia also increased by 17% to $266,939 in the fiscal year 2024. This increase demonstrates the company's dedication to recognizing the hard work and dedication of its employees.
Company Performance
Nvidia's remarkable performance in the past year is a result of its innovative approach to artificial intelligence, graphics, and high-performance computing. The company's stock price has tripled, making it one of the most valuable companies in the world. This success is a direct result of the leadership and vision of Jensen Huang and his team.
Conclusion
In conclusion, Nvidia CEO Jensen Huang's significant pay hike to $34.2 million in 2024 is a reflection of the company's outstanding performance and its commitment to rewarding its top executives and employees. As Nvidia continues to innovate and push boundaries, it is likely that its success will continue to grow, and its compensation packages will remain competitive and attractive to top talent in the industry.
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