Nvidia CEO pay falls ten percent in FY23 on missed sales targets

It sucks to be Jen-Hsun Huang, Nvidia's president and CEO, who could have made almost 25 million greenbacks in the latest financial year, but because of missed financial targets had to settle for a bit less. The GPU-maker's co-founder and named executive officer (NECO) was still well rewarded for fiscal 2023 ended January 29, …

[CowHorseFrog]

How come staff never get stock awards of any kind ?

Why is this not considered discrimination ?

[Pascal Monett]

Because they're staff, i.e. peons. They agreed to their meager salary, they shall be content with it. It's not Huang's fault that they did not have the clout to negociate better terms. After all, he's the one that can distribute the pink slips.

You really need to read Being a CEO 101.

[Yet Another Anonymous coward]

>Because they're staff, i.e. peons. They agreed to their meager salary,

And half of them earn more than $230,000. The half that earn less than this are probably new graduate hires

Obviously a pittance for a proper unionised job in the UK, but not terrible for a US manufacturing company

[doublelayer]

"How come staff never get stock awards of any kind ?"

Why do you assume they don't? It's certainly not going to be as big as the CEO's awards, but they do get them. From some self-reported figures, such awards appear to make up 12-25% of total compensation for NVIDIA employees making average salaries. I don't work there. I have not worked there in the past. Why do you jump to assumptions when you can disprove them?

"Why is this not considered discrimination ?"

If NVIDIA never gave any stock awards to the average worker, only to the executives, it would not be discrimination in the sense of illegal act. The reason is that those people do different things, and the company can choose to compensate them in a different way if they want to, just as they can compensate them in different amounts. Discrimination would be illegal if they made those choices on the basis of protected attributes like ethnic background, gender, or age. If they make the choices based on other attributes like what job they're doing or how long they've been doing it, it's not illegal.

[Yet Another Anonymous coward]

>If NVIDIA never gave any stock awards to the average worker, only to the executives, it would not be discrimination in the sense of illegal act

So that's why the US seems so animated about access to bathrooms !

Give the keys to the executive washroom to the masses,

[Anonymous Coward]

$21.356

Still seems too high, how about a sawbuck?

[Simon Rockman]

Dropping sales

It's almost as if all the Etherium miners have stopped buying graphics cards to mine.