ARM CEO’s $800 Million Pay Package Could Face Shareholder Backlash
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ARM CEO’s $800 Million Pay Package Could Face Shareholder Backlash
ARM is asking shareholders to approve a performance-based pay package for the CEO that could be worth up to $800 million if the company reaches a $2 trillion valuation. However, that plan has faced criticism ahead of the September 9 vote, according to reports. Proxy advisory firms Institutional Shareholder Services (ISS) and Glass Lewis have urged shareholders to reject it. They’re calling the ARM CEO’s package “excessive.” ARM CEO’s excessive p…
Arm boss Rene Haas could receive $800 million worth of shares, and the chip designer's stock market value would have to reach a new trillion threshold.
Rene Haas could get up to USD $800 million in shares if Arm reaches a valuation of USD $2 billion, but shareholder advisors consider the plan excessive and question the independence of his board. *** The plan contemplates 425,000 stock units linked to valuation milestones of USD $1 trillion, USD $1.5 trillion and USD $2 billion. ISS and Glass Lewis recommended voting against the proposal, while SoftBank retains about 86.4% of Arm and can define …
Arm faces potential shareholder revolt over CEO's 'excessive' $800 million pay package — huge stock award would only be fully realised if chip designer hits $2 trillion valuation
Proxy advisers kick against Arm's proposal to approve a performance pay plan that could award CEO Rene Haas about $800 million if the chip designer reaches a $2 trillion valuation.
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