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- Palantir Cofounder and CEO Alex Karap have not received shares from the company since the public goes public, However, the existing holdings balloon in recent years, making it one of the best paid in the nation, “Compensation is actually paid” dubbled.
On Monday, the defense contractor Palandir’s investors are already on the panner year, the technology company performs shares. However, the Cofounder, who saw a multibillion dollar jump in the net worth last year, was a little bit better than CEO Alex Karp Power of Palance sharesIncreased by 340% in 2024.
Therefore, the Karp, which is next to the company, so it has been $ 6.8 billion rich Issuing of the Palant Proxy.
This dollar figure does not reproduce compensation, which is in a column, which is in a column called “Involuntary CEO’s Compensation”, in a column. “
Instead, it is currently representing the mass growth of the carp-captured stock grants and stock options.
Compensation under the computing dwarf “Actually paid” was adopted under a more standard accounting of the CEO payment last year.
Using these rules, $ 1.1 million in cash came with the remaining $ 4.6 million security and the benefits of travel benefits.
The “compensation actually paid” column began to appear in the SEC documents two years ago, which created a new class of ultra-billionaires, New York Times note last yearThe carp was second in the list of the best paid cheeses by the new metric.
“Yes, it’s true money, but it’s not immediate liquid money,” Rohan Williamson, Corcaun University’s McDonough Working School Finance Prof..
“It’s not like he went home and said,” Here’s a check for $ 6.8 billion. But this is the value, “he said.
10 years of waiting
As is typical of a technological builder, the main part of the carp compensation takes in the warehouse. Palance went to the people with Carp in 2020 retention 141 million stock variants and 39,000 limited exchange units, at this time were estimated at $ 1.1 billion. It should be noted that Karp has accepted new grants or stock exchanges since this time.
“Effective, this person’s giant salary package and it is a great thing – in 2020,” he said. “They are designed as a very long-term stock exchange reward with a very long-term game period … returns to the original grant.”
In an unusual twisting, the carp would be 10 years ago 10 years ago than 10 years ago than the full possession of their shares ago. According to Vich Hoffmann, Vich Hoffmann, Vice President and Deputy Deputy Vice-President and the General Information Officer, for three years.
“They are mainly trying to keep it there until it approaches the age of retirement,” Hoffmann said Fortune.
Pay now, then pay
As soon as it was given, the Karp Award was very generous. “As for a company in this size, when it comes to this size, the CEO of the media is more than $ 20 million. The CEO of the media is more than $ 1.1 billion in ten years, more than $ 1.1 billion.
However, since then, the stock price of the stock price increased by the factor of 12 and therefore the value of the Carp has the value of holdings. “Moonshot” shows a potentially negative side of compensation packages.
“If the company works really well, the value carried out can be very large,” Matveyev said. “We just value too much.”
A Palander Spokerson did not respond immediately to a request for comment.
Several computers compared the carp’s balloon compensation relative to Elon Musk dealing with TeslaAt one point was estimated at $ 56 billion and hinges were held at the meeting of certain constitutants. (So far there has been a payment agreement rejected Twice by the Delaware Kansion Court.)
“Wider area (this payment structure) is unusual; not in the technological space,” he said, “Georgetaun Williamson. “I took a lot of risk, I took shares early, I did all the work, built in my mind, I got a profit very quickly, and I deserve it.”
This story was first displayed Fortune.com
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