Earnings of the head of Nvidia fell by $ 2.5 million due to the deterioration of the company’s performance
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Nvidia CEO Jensen Huang made $21.35 million in fiscal year 2022. That’s $2.5 million less than expected and 10% less than last year. transmits edition of The Register.
If Nvidia had fulfilled its financial plan, Huang would have been able to earn $25 million, as expected. The main part of his earnings are remuneration for owning shares – this is $ 19.7 million. In addition, Huang receives a salary ($ 997 thousand) and a number of other payments ($ 693 thousand).
“We have had a tough 2022. Our business has been impacted by economic headwinds, geopolitical tensions and supply chain issues ranging from acute shortages to oversupply,” the company said in a financial statement.
At the same time, the average annual salary of Nvidia employees is $229 thousand, which is 94 times less than that of the head of the corporation. Other executives in lower positions than the CEO received about $10 million.
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