Reuters27d agoneutral
Snowflake unveils $448 million pay plan for CEO tied to ambitious stock targetsSnowflake on Thursday unveiled a compensation package worth up to roughly $448 million for CEO Sridhar Ramaswamy, hinging on the cloud-based data analytics platform's market value almost doubling to $184 billion in seven years. Ramaswamy's award, totaling 1 million shares, is structured into five tranches, each with escalating stock price milestones, and is designed to retain him as CEO until September 15, 2030. Snowflake has been benefiting from clients shifting their workloads to its cloud platform as they invest to develop AI tools.