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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

Arm boss in line for billion-dollar payday if chipmaker hits targets

Rene Haas rings the Nasdaq opening bell
Rene Haas (left) rings the Nasdaq opening bell in September 2023, when the company was floated. Photograph: Michael M Santiago/Getty

The chief executive of Arm is in line for a pay package that would make him a billionaire if he hits targets to turn the microchip firm into the UK’s first trillion-dollar company.

Arm, which is listed in New York but retains its global headquarters in Cambridge, has proposed a pay scheme for Rene Haas in which he will receive generous annual share awards plus a maximum bonus of $800m if he can hit certain “exceptional growth metrics”.

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