The record of the very best paid CEOs within the US in 2023 was launched by the Wall Road Journal on Tuesday. The Indian-origin CEO of Palo Alto Community, Nikesh Arora, got here second on the record with a powerful compensation of $151.43 million. Notably, Nikesh Arora’s compensation was a lot larger than many high-profile tech executives similar to Meta CEO Mark Zuckerberg’s $24.40 million and Google CEO Sundar Pichai’s $8.8 million.
However who precisely is Nikesh Arora? This is a take a look at all the things that you must know concerning the Palo Alto Community CEO.
Who’s Nikesh Arora?
Nikesh Arora accomplished his major training on the Air Pressure Public College in Delhi earlier than occurring to earn a Bachelor of Expertise (B Tech) diploma in Electrical Engineering from IIT-BHU. Even earlier than his stint at Palo Alto Community, Arora had made a reputation for himself within the tech world by means of his work with main firms similar to Google and Softbank.
Notably, Arora turned the very best paid government at Google in 2012 when the corporate employed him with a $51 million bundle. By the top of his time with the Silicon Valley-based firm, Nikesh Arora had collected inventory awards price at the least $200 million.
Throughout his time at Softbank Group, Arora additionally set a brand new document in Japan with a mammoth first-year compensation bundle of $135 million. Individuals on the firm noticed him because the successor to legendary investor Masayoshi Son, in accordance with a Bloomberg report earlier this 12 months.
Palo Alto Community has beforehand justified its CEO’s hefty pay bundle by pointing to the tech government’s sturdy efficiency. In a press release on Arora’s compensation bundle, Palo Alto Community stated final 12 months: “Due to this vital vested possession and the quantity that Mr. Arora was projected to vest in over the following a number of years, the Board decided {that a} significant fairness award can be vital to make sure that such award retains and engages Mr. Arora,”
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Revealed: 22 Could 2024, 08:12 AM IST
