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Broadcom’s Top 5 Most Highly Compensated Executives In 2021
Joseph F. Kovar
Fiscal 2021 turned out to be a very good year for Broadcom, and its success was reflected in the increased compensation of the company’s top executives between 2020 and 2021.
Keeping Up With Broadcom’s Most Highly Compensated Executives
Broadcom had a very good fiscal 2021, which ended October 31. The San Jose, Calif.-based semiconductor and infrastructure software developer reported net revenue of $27.5 billion, a 15-percent increase over the $23.9 billion the company reported the year before. GAAP net income more than doubled year-over-year to $6.7 billion, while non-GAAP income rose 26 percent to $12.6 billion.
Total compensation for Broadcom’s four of the five executives also saw significant increases over that of fiscal 2020, with only one seeing a decrease in total compensation. And one of the executives, the company’s newly appointed chief financial officer, saw her total compensation rise nearly 2,600 percent.
Interestingly enough, four of the five top executives were new to the list for fiscal 2021 following recent promotions. The exception was Hock Tan, who has been president and CEO since March of 2016.
Here’s a breakdown of the fiscal 2021 total compensation of Broadcom’s top five execs as reported in Broadcom’s 2021 proxy statement as filed with the U.S. Securities and Exchange Commission on Feb. 18.