
$AVGO Sells EUC Division for $4B, Pauses Carbon Black Sale, CEO Pay Doubles
Broadcom ($AVGO) has announced a significant $4 billion deal to sell its EUC Division, marking a record rise in its stock value. Concurrently, the company has decided to pause the $1 billion sale of its Carbon Black Unit. In related financial news, Broadcom's CEO, Hock Tan, saw his annual compensation more than double last year, reaching $161.8 million, primarily due to a substantial stock award of $160.5 million that will vest over the next five years.
Sources
Bloomberg TechnologyBroadcom CEO Hock Tan's pay more than doubles to $161.8 million, thanks to a stock award https://t.co/KmQo8cN5Fl
BloombergBroadcom CEO Hock Tan's pay more than doubles to $161.8 million, thanks to a stock award https://t.co/ldE9eI4p7C
ReutersBroadcom CEO compensation more than doubles to $161.8 mln in 2023 https://t.co/UJ0OIIOcvh https://t.co/AiMxu4veDl
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