Chip Designer Arm Seeks Approval for CEO's $800 Million Payday as Shareholder Revolt Builds

Chip designer Arm seeks approval for CEO's $800 million payday as shareholder revolt builds

British chip designer Arm is asking shareholders to weigh an unusually large compensation proposal for CEO Rene Haas, with the maximum value reaching $800 million.

Arm Shareholders Vote on Rene Haas's $800 Million Pay Package Tuesday

Arm shareholders vote September 9 on a pay package that could hand CEO Rene Haas up to $800 million in stock if the company hits a $2 trillion valuation by 2031. Proxy advisors ISS and Glass Lewis both recommend voting against it, but SoftBank's 86% ownership stake means the outcome is already decided.