Despite the cut, Huang still earned 94 times that of the median Nvidia employee, and over double that of the next best-paid executive.
Nvidia CEO Jen-Hsun “Jensen” Huang’s annual salary has been cut by around 10% after the graphics giant missed sales targets in its 2023 financial year results.While Huang had earned $23.74 million in Nvidia’s 2022 financial year, he only received about $21.36 million in 2023, a $2.38-million decline.
For comparison, AMD CEO Lisa Su earned total compensation of $30.22 million in the 2023 financial year. Despite the cut, he still earned 94 times that of the median Nvidia employee and over double that of the next best-paid executive. The company’s graphics card sales were hit by a downturn in demand from cryptocurrency miners after coin prices came crashing down in 2022 and Ethereum switched from proof-of-work to proof-of-stake.
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