As companies grow larger and more complex, the responsibilities of CEOs have expanded. Leading a multinational corporation with a diverse portfolio of businesses requires a unique skill set and strategic vision, justifying higher compensation for those at the top positions.
Optimism over artificial intelligence boosted tech stocks in 2023, resulting in colossal executive compensations. Hock Tan of Broadcom, Nikesh Arora of Palo Alto Networks, and Stephen Schwarzman of Blackstone are among the highest-paid CEOs.
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