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AI CEO's $18M Pay: Middle of the Pack?
6 Oct
Summary
- CEO Dario Amodei earned $18 million last year.
- Anthropic plans an IPO valuing over $2 trillion.
- Founders will donate 80% of equity to charity.
Anthropic CEO Dario Amodei's total compensation amounted to $18 million in the past year, according to the AI developer's IPO filing. This places his earnings in the mid-range compared to other top technology executives, with the company itself preparing for a potential initial public offering later this fall.
Amodei's compensation package, similar to many tech founders, leans heavily on stock and options rather than a high annual salary. His yearly salary, along with that of President Daniela Amodei, was doubled to $1.4 million in July. Daniela Amodei received a total of $16.4 million in the past year.
The company's IPO filing, reviewed by Reuters, indicates a potential valuation exceeding $2 trillion. This valuation places Anthropic among the most valuable tech firms, even as CEO compensation figures vary widely across the sector. For instance, Oracle's co-CEO Clayton Magouyrk earned $627.5 million in the past year.
In a significant philanthropic move, Anthropic's founders, including the Amodei siblings, have pledged to dedicate 80% of their personal equity in the company to charitable causes. This commitment reflects a growing sentiment among tech leaders about addressing societal issues stemming from AI adoption.
