Here's how much Snowflake CEO Frank Slootman made in 2019. - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 60 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The unconventional CEO of $33.3 billion Snowflake — which just listed the largest software IPO in history — is already paid more than the heads of Oracle, Microsoft, and Salesforce. It shows the power of how startup exec compensation can be structured.

Because of the mid-2019 change, both Slootman and Muglia's reported salaries were only a portion of what they would have earned if they'd worked a full year — Slootman's full-year salary was $375,000 and Muglia's was $300,000, according to theirBut even with half a year's salary, the additional forms of compensation that Slootman received vaulted his overall earnings ahead of other tech execs.The full-year salary is sometimes referred to as a salary rate.

Even with these adjusted full-year salaries, both Slootman and Muglia earned a lower salary than CEOs from all firms below with the exception of Jeff Bezos, who was paid about $82,000 in reported 2019 salary. However, to be clear, the total compensation reported for Slootman was more than that reported for Jeff Bezos and both CEOs from Oracle. More than salary, the equity awards that Snowflake's current and former CEOs were awarded made all the difference.

Because of these awards, Slootman's total compensation is higher than his counterparts from Microsoft, Oracle, Amazon.com, and Salesforce.com in terms of total 2019 compensation . Former Snowflake CEO Muglia's total compensation was higher than Oracle co-CEOs Safra Catz and Mark Hurd, and Amazon.com CEO Jeff Bezos' total compensation.

The chart below shows compensation elements split out for the CEOs of Snowflake, Microsoft, Alphabet, Oracle, Amazon.com and salesforce.com. You can use the dropdown at the top of the graphic to select from salary, non-equity incentive plan compensation, stock awards, option awards, other compensation, and total compensation. Something is loading.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Forzapaynter AApolloboss derronandrews lukhanoo

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside Balyasny's training program for hedge fund portfolio managers - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside Citi's exec shakeup — Chime's latest round — Buy now, pay later's future - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside the real reasons behind Mike Corbat's early retirement - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. They said the same about MLK,slavery,segregation,share cropping ,under paid blacks ,systemic racism but praise white nationalists terrorists who walks the streets with guns.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Snowflake explodes 166% higher on first day of trading after biggest IPO of 2020 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Invest in bitcoin today and make over $2000 weekly with just $200 No thanks Crazy
Source: BusinessInsider - 🏆 729. / 51 Read more »