Chief executives at major tech companies and Wall Street firms are taking pay cuts this year as high inflation and the potential for a recession weigh.
ARK Invest CEO and CIO Cathie Wood discusses where she sees growth in the stock market, and the future of technology and artificial intelligence sectors.
Total annual pay for CEOs includes base salary, bonuses and other perks. However, most of a chief executive’s pay comes from stock awards.Zoom Zoom CEO Eric Yuan is cutting his base salary in 2023 by 98%. He’s also forgoing his corporate bonus. His base salary in 2022 was $301,731,Zoom is the latest tech firm to announce layoffs. The company is laying off 1,300 employees, about 15% of its workforce. In a"As the CEO and founder of Zoom, I am accountable for these mistakes and the actions we take today– and I want to show accountability not just in words but in my own actions.
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