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From Delhi to Tesla: Vaibhav Taneja Becomes World's Highest-Paid CFO at $139 Million
StartupTalky
·
2m ago
Medial
Vaibhav Taneja, an Indian professional, is Tesla's Chief Financial Officer, earning $139.5 million in 2024, primarily from stock options. His compensation surpasses leaders like Sundar Pichai and Satya Nadella, setting a new CFO record. Taneja's career began in India with a commerce degree, later working at PwC before joining Tesla through the SolarCity acquisition. Despite challenges, his leadership and financial prowess contribute significantly to Tesla's strategy, particularly in India.
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Tesla CFO Vaibhav Taneja makes it to top minus tech heft, beats Pichai, Nadella in pay package
Economic Times
·
2m ago
Medial
Tesla's CFO, Vaibhav Taneja, made headlines with his $139 million pay package, surpassing tech leaders like Satya Nadella and Sundar Pichai. His compensation includes stock options and equity rather than cash. Taneja joined Tesla in 2017, became CFO in 2023, and played a crucial role in the company’s operations. His rise highlights the success of Indian-origin executives in diverse industries, emphasizing impact beyond monetary success, according to Indiaspora's Sanjeev Joshipura.
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Tesla CFO Vaibhav Taneja named treasurer of Elon Musk’s ‘America Party’ - The Economic Times
Economic Times
·
1m ago
Medial
Elon Musk has registered the America Party, opposing Trump's tax bill, with Tesla CFO Vaibhav Taneja named as treasurer. Taneja, who joined Tesla in 2017, rose to CFO in August 2023 after starting at SolarCity. The new party aims to restore public freedom, as announced by Musk. Taneja garnered attention for his substantial earnings in 2024, surpassing major tech executives.
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Sharechat's CEO took 80L, CFO 3.11CR this year when the company lost Rs. 4000cr+
Money Control
·
1y ago
Medial
ShareChat, a social media unicorn, reported net losses of Rs 5,144 crore in FY23, up by 72% from the previous year. Its top executives, including the CFO and co-founders, received a cumulative remuneration of Rs 5.77 crore. The CFO, Manohar Charan, was the highest-paid with a total compensation of Rs 3.11 crore. CEO Ankush Sachdeva's pay remained unchanged at Rs 80 lakh. ShareChat's revenue increased by 59% to Rs 553 crore, but expenses also rose significantly, including server rent, content development costs, and financing expenses.
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The case against Elon Musk’s $46 billion pay deal
Livemint
·
1y ago
Medial
The upcoming annual general meeting at Tesla will see a vote on Elon Musk's controversial $46 billion pay deal. Critics argue that the deal is disproportionate, being nearly 300 times higher than the salary of America's highest-paid CEO. Furthermore, it is more than double Tesla's cumulative free cash flows and represents about 8% of the company's market value. Proponents argue that Musk deserves this compensation for his outstanding performance, and that denying it now would be biased hindsight. However, the focus on this issue highlights the governance problem at Tesla, where Musk dominates the board that is meant to oversee him.
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Elon Musk’s wealth soars $34 billion as Tesla comes roaring back
Economic Times
·
9m ago
Medial
Elon Musk's net worth surged by $33.5 billion as Tesla's shares had their biggest gain in over a decade. This solidified Musk's position as the world's richest person, with a wealth of $270.3 billion. The boost came after Tesla reported its highest quarterly profit since 2023 and Musk predicted strong vehicle sales growth. Tesla's success is crucial for Musk's wealth, as the company's shares and options make up about three-quarters of his fortune. Musk also made headlines for his support of Donald Trump and his advocacy for autonomous vehicles. He believes that Tesla will become the most valuable company in the world.
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Govt aims to make Indian auto industry world's No. 1: Gadkari
YourStory
·
10d ago
Medial
Union Minister Nitin Gadkari aims to make India's automobile industry the world's largest, highlighting its growth to Rs 22 lakh crore and its creation of 4.5 crore jobs, the highest in the country. Speaking in New Delhi, Gadkari noted that the industry contributes significantly to the economy and GST revenue but also emphasized the need to address pollution challenges by developing greener fuels, and diversifying agriculture towards energy and power.
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Gamers can’t fathom how 6x CEO Elon Musk found time to best Diablo IV | TechCrunch
TechCrunch
·
7m ago
Medial
Elon Musk impressed the gaming community by clearing the highest level of Diablo IV's latest season, "The Pit," in about two minutes. This raised questions given Musk's busy schedule as CEO of six companies, including Tesla. The Wall Street Journal investigated, noting the feat typically requires extensive gameplay. Speculations arose around possible gaming advantages or Musk's unique cognitive abilities. Despite the inquiries, Musk claims to be among the world's top players, backed by an informal leaderboard.
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Elon Musk loses world’s richest person title to Jeff Bezos
Economic Times
·
1y ago
Medial
Elon Musk has lost his position as the world's richest person to Jeff Bezos after Tesla shares tumbled on Monday. Musk's net worth is now $197.7 billion, while Bezos holds a fortune of $200.3 billion. This change marks the first time Bezos has topped Bloomberg's ranking since 2021. The gap between Musk and Bezos has been narrowing as Amazon shares soar while Tesla shares decline. Musk's wealth may further decline after a Delaware judge invalidated his $55 billion pay package at Tesla. Bezos first became the world's richest person in 2017 but had been competing with Musk for the top spot last year.
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ASK Asset & Wealth Management ropes in top exec from Nippon Life
VCCircle
·
1y ago
Medial
ASK Asset & Wealth Management, supported by Blackstone, has hired Prateek Jain as Director of Finance. Jain, who formerly served as CFO of Nippon Life India Asset Management, brings over 27 years of experience in the finance sector, specialising in asset management companies. This appointment comes after recent key hires at ASK, including Vaibhav Sanghavi as CEO of ASK Hedge Solutions, Shantanu Sahai as Senior Managing Partner for Private Credit, and Jayant Jain as Chief Risk Officer. ASK's real estate fund is set to invest INR 120 crore in a luxury residential project in Gurugram.
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Cyril Amarchand Mangaldas hires real estate team from Luthra and Luthra
VCCircle
·
6m ago
Medial
Cyril Amarchand Mangaldas (CAM) appointed Vaibhav Suri as a partner in its real estate practice at the Delhi-NCR office, along with his seven-member team from Luthra and Luthra, where he worked for over 17 years. Suri brings extensive expertise in real estate transactions, mirroring CAM's recent trend of significant hires, including corporate partner Jay Parikh from Luthra and Luthra. CAM operates with over 1,000 lawyers across multiple locations.
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