Snap CEO Evan Spiegel received a $638mn company payout last year

By Pouyan Broukhim

Snap Inc. has revealed that its Chief Executive, Evan Spiegel, received a $637.8mn payout during the company’s IPO at the end of last year, on top of his salary of $98,000 and over $1mn in other benefits.

The RSU stands as the third highest CEO payout in history, only trailing the compensations paid to Daniel Och, CEO of hedge fund Och-Ziff Capital Management Group, who received a $918.9mn payout in 2017 and $1.19bn payout in 2008.

See also:

This also makes Spiegel the best paid CEO in the US ahead of the likes of Apple’s Tim Cook and Google’s Sundar Pichai, with the payout coming despite Snap’s $720mn recorded loss in 2017.

This is expected to change throughout 2018 with the company having gone public last year. However, its releases since gaining outside equity, including the launch of its Snap Spectacles and the redesigning of the platform have both been considered huge failures and have been extremely unpopular with consumers.

The firm’s shares fell 8% after the losses were announced.

Share

Featured Articles

Top 10 must-read sustainable leadership books for CEOs

As former Unilever boss Paul Polman debuts his new net zero book, we ask – can profit and purpose truly exist? Here are 10 business books to prove they can

Top 20 essential leadership resources for Black executives

To celebrate Black History Month, here are 20 resources for Black leaders – from business books to leadership coaches to business school exec programs

Broadridge study reveals huge impact of AI on C-suite

Broadridge Financial Solutions spoke to 500 C-suite executives from across the globe, many of whom said AI was significantly changing the way they work

PwC's Kathryn Kaminsky – the role of boards on social issues

Leadership & Strategy

Why your business needs a Chief Transformation Officer

Leadership & Strategy

12 top AI and ML trends for the enterprise in 2023 – Dataiku

Technology & AI