Jensen Huang, CEO and co -founder of Nvidia, has received his first salary increase in a decade. The news was informed to the market in a document sent to the US Securities Commission (SEC) last Thursday (1st).
Huang’s base salary increased by 49% over last year, going to $ 1.5 million per month. Its variable remuneration, which is linked to goals, increased by 50%, totaling US $ 1 million.
Meanwhile, stock awards grew to US $ 38.8 million, raising the total salary to US $ 49.9 million, equivalent to R $ 282.19 million in the current quotation.
The company justifies that the increase was considering the salary equity between the CEO and the other executives.
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Jensen Huang, now 62, founded in 1993. “Huang is one of the most respected executives in the technology industry, having taken Nvidia from a startup to a world leader in accelerated computing. Under its guidance, Nvidia has accumulated a history of consistent innovation and precise execution, marked by products that have gained a strong market share,” the company says in a statement.
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Today, the company lives a boom with artificial intelligence, as it develops, graphic processing units that feed AI models.
Nvidia is the third largest in the world in market value, valued at $ 2.8 trillion, second only to Apple ($ 3.07 trillion) and Microsoft ($ 3.25 trillion).
