Nvidia CEO Jensen Huang gets first salary hike in 10 years: Here’s what compensation committee said
[ad_1] Nvidia CEO Jensen Huang is getting his first salary increase in a decade. In a proxy filing with the US Securities and Exchange Commission (SEC), the company revealed that Huang’s salary has increased to $1.5 million, a 50% increase from previous year. The filing said that his stock awards also increased to $38.8 million, raising Huang’s total compensation to $49.9 million.What the SEC proxy filing said about“The CC (compensation committee) raised Mr. Huang’s total target pay by $7 million to align more closely with the median of peer company CEOs. Specifically, his base salary increased by 50%, to $1.5 million, which aligned with the 75th percentile of peers,” the filing reads. “The CC believed this was appropriate in consideration of internal pay equity with the base salaries of other NEOs and as it represented Mr. Huang’s first base salary […]