The CEO of the Silicon-Valley based cloud data-warehousing firm Snowflake Inc. collects a staggering $95 million pay out every month, as the tech company's share prices continue to surge. The majority can already be exercised but the underlying shares vest monthly, beginning the month he started at the company, according to the outlet. The Dutch-born executive also reportedly receives an annual base salary of $375,000, which can be increased subject to the firm’s performance. Company shares jumped just over 14 percent on Friday to $387. Around six months before Slootman joined the company, Snowflake raised funds in October 2018 at a valuation of around $3.5 billion; the company is now worth nearly $110 billion.

Source: Daily Mail December 06, 2020 19:43 UTC