Top VMware Execs Score $42M In Total Pay Amid ‘Unprecedented’ Broadcom ‘Uncertainty,’ Board Says
‘(T)he Compensation Committee also took into consideration the (executives) leadership impact in achieving the Company’s operating plans and MBOs during a challenging period of unprecedented corporate uncertainty associated with the pendency of the Acquisition,’ VMware’s board writes in its proxy statement.
Earned in 2023: $13.2 million
Total Since 2021: $59.4 million
Golden Parachute: $52.5 million
The compensation committee offered Raghuram a salary bonus of 150-percent and he delivered, the company said.
He executed on operating plans to transform more of the company’s revenue from traditional licenses to the subscription based, Software-As-A-Service model, and did so “during a period of corporate uncertainty due to the pendency of the Acquisition” the board wrote.
Additionally, it said Raghuram “executed activities” that supported the acquisition, while the company reached goals for the consumption of cross-cloud services by its largest customers and with VMware Cloud by hyperscalers.
Raghuram increased the company’s net promoter score, and in-quarter renewal rates thanks to strong sales engagement.