The highest income of nearly 4.7 trillion VND does not belong to the big boss, the Chairman and CEO both have to “sorry”
According to Tencent’s “Annual Report 2021” published on April 7, the annual salary of Mr. Ma Hoa Teng, CEO and co-founder of Tencent is 44.14 million yuan (equivalent to 44.14 million yuan). 6.93 million USD), down about 25% over the same period last year.
The data shows that in 2021, the salary of the Chinese tech billionaire is about 7.33 million yuan, the bonus is about 35.52 million yuan, and has an income of “retirement plan contributions”. ” is 110,000 yuan, the fee is 1.15 million yuan, the total salary is about 44.14 million yuan. This number fell by about 24.9% year-on-year to 58.74 million yuan.
The billionaire owns more than 7% of the company, giving him a net worth of about $39 billion, according to the Bloomberg Billionaires Index.
Billionaire Ma Hoa Dang – founder and CEO of Tencent. Photo: SCMP
Tencent Chairman Martin Lau’s salary was 323 million yuan ($50.71 million), down 24.5 percent year-on-year at 427.7 million yuan.
The data shows that the total remuneration of Tencent’s board of directors has decreased: The average remuneration in 2021 is 388 million yuan, significantly lower than in 2020 at 507 million yuan.
Despite reducing the salaries of the most senior executives, China’s technology giant decided to increase benefits for company employees. Many salaries, bonuses, and medical expenses increased by 37% to 95.5 billion yuan (equivalent to about 15 billion USD) in 2021.
Also in its annual report, Tencent revealed that the highest-paid individuals at the company are not among its directors or senior executives. One employee earns about 204 million USD (equivalent to 4,669 billion VND), while another person earns about 203 million USD (equivalent to 4,646 billion VND).
According to Bloomberg, Chinese technology giant Tencent Holdings has spent more than 200 million USD / person on two unnamed individuals even though they are not on the board of the company. This move came as a surprise because both the chairman and CEO and founder also had to cut their bonuses in 2021, after the group was strongly affected by tightening policies from Beijing.
Two individuals who are not on Tencent’s board of directors are rewarded more than the CEO. (Photo: Reuters).
On March 23, Tencent’s fourth-quarter and full-year financial statements for 2021 showed that in the past business year, Tencent’s revenue was 560.12 billion yuan, up 16% year-on-year. prior to. The group’s net profit reached 123.788 billion yuan.
On the same day, when responding to the issue of “organizational optimization”, Tencent Chairman stated that: “In the past, this industry is oriented towards competition and great investment; now, people need to healthier investment, especially optimizing marketing costs, operating costs and labor costs.Tencent has taken cost optimization measures for loss-making units to maintain growth healthier growth.”
Tencent was once recognized as a corporation with “first-class mentality” with employees when willing to pay “huge” salaries and benefits. Typically, in 2020, the group gave WeChat Pay payment service employees a Tet bonus equal to 10 months’ salary, plus 1 bonus equivalent to 600 million VND/person, for having 1 year of successful operation. labour.
Tencent Cloud group members, the group’s cloud computing service, also received an iPhone 11 Pro worth 10,000 yuan each at that time because of good revenue in the year. 2019.
By the end of 2018, Tencent also announced that it had 54,309 employees and the total remuneration of the whole group amounted to 42.2 billion yuan. The average salary of each Tencent employee can reach more than 200 million VND/month, nearly 8 times higher than the average salary in major Chinese cities.
It can be seen that, although the growth rate of the industry is slowing down, technology talents in China are still enthusiastically welcomed, receiving “dream” remuneration due to the continuing talent shortage. In order to retain the “great minds” who can make an important contribution to the development of the whole corporation, Tencent is willing to pay the most “huge” numbers.
*According to Finance Sina, Bloomberg
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