Lei Jun is the originator and CEO of the Chinese cell phone organization Xiaomi. He's been known as the Steve Jobs of China, and The Wall Street Journal is detailing that he as of late landed a Positions commendable reward of $1.5 billion worth of organization stock, one of the greatest official rewards in business history.
The reward, purportedly for the direct motivation behind "reward[ing] him for his commitments," comes as Xiaomi is on the cusp of an IPO later this late spring. In the event that the IPO goes as arranged, Jun's stock will before long be worth much more than it is currently, prone to the tune of some place around $1.79 billion.
The sheer size of Jun's official reward exceeds any comparable such reward different CEOs have gotten in the ongoing past, including the $638 million that Evan Spiegel got from Snapchat in February of this current year, at the time refered to as the biggest stock honor returning to (no less than) 2011. But at the same time it's unordinary in that the extra does not appear to be fixing to any execution objectives on Xiaomi's part, and rather accompanies no quid pro quos. Balance that with the stock honors Elon Musk is set to achieve should his Tesla organization meet the set up benchmarks, esteemed at as much as $2.6 billion throughout the following ten years — however just if those benchmarks are met.
For Jun's situation, the extra has no such benchmarks, and he gets the opportunity to make the most of his extraordinarily extensive reward even in the improbable occasion of his organization smashing and consuming soon.
Jun established Xiaomi, which is principally a cell phone organization yet in addition produces different hardware and also programming, in 2010, and joined the extremely rich people's club two years after the fact as his organization experienced fast development. Notwithstanding Xiaomi, he's additionally associated with different organizations in China, including the internet based life webpage YY and the web based diversion equip Kingsoft.
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