Caixin
Apr 08, 2022 08:05 PM
BUSINESS

Two Mystery Executives Each Reap $200 Million at Tencent in 2021

Ma Huateng, right, and Martin Lau during a news conference in 2019. Photo: Bloomberg
Ma Huateng, right, and Martin Lau during a news conference in 2019. Photo: Bloomberg

(Bloomberg) — 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. co-founder Elon Musk and Apple Inc. CEO Tim Cook.

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