Broadcom CEO set for payout


Broadcom Inc chief executive officer Hock Tan. — Bloomberg

SAN JOSE: Broadcom Inc chief executive officer (CEO) Hock Tan has a clause in his contract extension that would bring hundreds of millions of dollars in stock compensation if the company reaches US$120bil in artificial intelligence (AI) product sales by 2030.

The executive is due to get 610,521 shares of Broadcom if AI revenue hits US$90bil by fiscal 2030, according to a regulatory filing.

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