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Broadcom (AVGO) has announced a stock-based compensation plan for its chief executive officer, Hock Tan, which effectively binds his payout to the company achieving ambitious AI milestones.
Tan has received over 610,000 AVGO shares as part of his new contract, but they won’t fully vest unless the chipmaker generates at least $90 billion in AI revenue for any 12-month period between 2028 and 2030.