Two Mystery Executives Reap $200 Million Each at China’s Tencent
- Two unidentified employees made more than $200 million
- Tencent shares fell 19% last year during Beijing’s crackdown
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Tencent Holdings Ltd. doled out more than $200 million apiece to two unidentified executives in 2021, even as it cut founder Pony Ma’s compensation for a year in which Beijing’s crackdown on the private sector walloped the internet giant’s stock.
The company said in its annual report that its two highest-paid individuals were not among the directors or most senior executives. One made about HK$1.599 billion, while another person made about HK$1.589 billion -- the equivalent of $204 million and $203 million respectively. That would put the pair among the 20 most highly paid executives in the U.S., a roster led by Tesla Inc. founder Elon Musk and Apple Inc. Chief Executive Officer Tim Cook.