Who is the top-earning CEO in US? Malaysian Tan Hock Eng who picked up US$103.2 million in 2017
MIT and Harvard graduate, head of semiconductor company firm Broadcom, earned US$103.2 million in 2017 – 2,039 times more than average US worker
The highest-paid CEOs in America include well-known names such as Apple’s Tim Cook, Google’s Sundar Pichai and Facebook’s Mark Zuckerberg.
Yet, one less well-known name, Malaysian Tan Hock Eng, tops them all as the highest-earning CEO in the US.
Tan, who is in his 60s and runs Broadcom, an international supplier of semiconductor technologies, based in California, earned US$103.2 million in 2017.
His pay was recorded in a survey of the top-earning CEOs in the US, reported by The Wall Street Journal.
According to MSN, citing the newspaper, Tan, who was born in Penang, earned a massive 318 per cent increase in 2017 compared with his pay of US$24.7 million in 2016.
Tan earned the huge sum last year through his shares valued at US$98.3 million and a performance bonus of US$3.7 million.
“Tan’s base pay is only US$1.1 million, but the bulk of his pay package comes from shares awarded to him and a performance bonus,” the report said.