IT IS not unusual for businesses to pay someone a hefty sum if he proves to be the right man for the job. After all, the right expertise needed to take the business to greater heights is a pricey commodity. This is especially so for the top job – that of the chief executive officer or other such senior positions.
America’s most highly-paid CEO of 2016, according to the annual Equilar 200 study, was Dara Khosrowshahi. He is CEO of Expedia Inc, the company that makes it possible for you to plan your travels online. Among the websites it owns are Expedia.com, Hotels.com, Travelocity and HomeAway, all catering to the needs of the globetrotter.
Khosrowshahi took home a cool US$94.6 mil (RM418 mil) last year. That would take the vast majority of us several lifetimes to earn.
But his salary was small in comparison – just US$1 mil. The rest of his compensation came in the form of a US$2.75 mil bonus and US$90.8 mil in stock options.