- Zacks
Broadcom Inc. (AVGO) Gains But Lags Market: What You Should Know
In the most recent trading session, Broadcom Inc. (AVGO) closed at $1,211.49, indicating a +0.56% shift from the previous trading day.
- Barrons.com
CEO Pay Jumped to a Record $23.7 Million. But That’s Not the Whole Story.
Median pay for America’s top CEOs rose 11.4% in 2023 to a record $23.7 million, according to pay consulting group Equilar. The increase in CEO pay is well ahead of the 3.4% inflation rate in 2023 and the 4.3% gain for the average worker. Topping Equilar’s list is Broadcom CEO Hock Tan, with total compensation of $161.8 million last year.
- Reuters
UPDATE 1-Broadcom's critics reject its cloud licensing changes
Broadcom's critics on Monday rejected the U.S. chipmaker's changes to its cloud licensing practices, saying they do not address their complaints about alleged price hikes, unfair software licensing terms and tying products together. Last week Broadcom Chief Executive Hock Tan in a blogpost announced a raft of changes to newly acquired cloud computing company VMware's licensing condition following complaints from some EU business users and a trade group. These included substantial price cuts to VMware's cloud platform and changes allowing customers to move their workloads from their own data centres to cloud providers and between cloud providers.
