Malaysia-born Hock Tan, the highest paid CEO in US last year

Source: Daily Express Sabah

PETALING JAYA: A Malaysian-born business figure was the highest paid CEO in the US last year, beating the likes of Meta's Mark Zuckerberg, Apple's Tim Cook and even Tesla's Elon Musk, according to a report.

South China Morning Post quoted a Wall Street Journal (WSJ) analysis as saying that Malaysian-born Hock Tan, the CEO of chipmaker Broadcom Inc, was awarded a whopping US$162 million in compensation in 2023.

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This would not be his first time topping the list, having done so in 2017 when he was awarded US$103 million, also as Broadcom CEO.

However, WSJ said Tan would only receive the full amount if certain conditions are fulfilled.

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The chipmaker's total market capitalisation stands at US$655 billion, with the company's shares up by 106% over the past year.

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Tan has been the Broadcom CEO since 2006 and a US citizen since 1990.

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