Business
Snowflake CEO collects $128m payout – every month – The Australian Financial Review
The cloud computing company was one of the hottest IPOs this year and its shares have doubled since debut in September, making boss Frank Slootman a very rich man….
A spokeswoman for San Mateo, California-based Snowflake declined to comment on Slootman’s pay package or net worth.
He hasn’t exercised any of his options and his shares are subject to a lock-up period that ends in March.
The monster pay package is partly a result of Snowflake’s surging valuation. In October 2018, about six months before Slootman joined and negotiated his compensation, the company raised funds at a valuation of about $3.5 billion. It’s now worth $US96 billion.
Chief Financial Officer…
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