Author: CryptoGate

Crypto Mining

Shareholders push back against high pay for public Bitcoin miner execs after record equity grants

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Shareholders trimmed assist for govt pay packages at main US Bitcoin (BTC) miners to a median of 64% on this yr’s proxy season, far under the over 90% approval norm throughout the S&P 500, according to a July 10 VanEck analysis be aware. VanEck reviewed filings from eight listed miners and located common named-executive-officer (NEO) compensation climbed from $6.6 million in 2023 to $14.4 million in draft 2024 proxies.Fairness and different long-term devices accounted for 79% of whole pay in 2023 and 89% in 2024, nicely above the Russell 3000’s 63% and the vitality sector’s 63% weighting. Base salaries remained close to…

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