Jim Anderson has emerged as the highest-paid CEO in 2024 due to a significant compensation package from Coherent, an optical materials firm. Despite being relatively unknown and not part of the S&P 500, his appointment triggered a market surge that inflated stock values. His reported salary, including a signing bonus and stock incentives, totaled over $100 million. This remarkable compensation reflects his quick transition from Lattice Semiconductor and the company's strategic decision to attract leadership amidst competitive pressures in the sector.
As the newly appointed CEO of Coherent, Jim Anderson's staggering compensation package reflects not only the market's positive response to his appointment but also the regrets of his previous employer.
Anderson, who received a total of $100.9 million in stock incentives, was brought on board less than a month before the end of Coherent's fiscal year.
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