Tesla’s Chief Monetary Officer, Vaibhav Taneja, is grabbing headlines following information of his $139.5 million pay bundle in 2024. The Indian-origin CFO’s earnings are reported to have surpassed these of Google CEO Sundar Pichai and Microsoft boss Satya Nadella. Pichai earned $10.73 million, whereas Nadella took residence $79.106 million in 2024, as per experiences.
Earlier, Kim Brady from Nikola held the report for the best CFO bundle, with a compensation bundle of $80.6 million in 2020, state experiences.
Taneja’s earnings have been pushed primarily by fairness awards and inventory choices given after his promotion. These perks are larger than his base wage of $400,000. The information comes as Tesla faces intensifying competitors, sluggish gross sales and diminished revenue.
Right here’s all the things you’ll want to learn about him:
Who Is Vaibhav Taneja?
He accomplished a Bachelor’s of Commerce diploma from Delhi College. A Licensed Public Accountant, Taneja has over 17 years of labor expertise in multinational firms linked to the expertise, telecommunication and retail sectors. He accomplished his chartered accountancy from the Institute of Chartered Accountants of India.
The 47-year-old has taken a number of firms by way of their preliminary and secondary public choices. He additionally has important expertise in serving to companies arrange their enterprise processes in addition to streamlining current processes.
Taneja started his profession with PricewaterhouseCoopers. He labored for over 16 years on the consulting agency, with 4 years in Delhi as an assistant supervisor and 12 years as a senior supervisor in San Jose, California. His duties in Delhi included managing audits of quickly rising firms, session and advisory companies and resolving technical accounting points. In San Jose, Taneja ensured compliance of companies with US Typically Accepted Accounting Ideas and handled complicated points pertaining to income recognition.
He has labored in a number of finance and accounting roles at SolarCity Company, a US-based photo voltaic panel developer, since March 2016. SolarCity was acquired by Tesla in 2016.
He has been Tesla’s CFO since August 2023. Previous to that, Taneja served because the Chief Accounting Officer since March 2019. He was a Company Controller at Tesla from Could 2018 to March 2019. He labored as an Assistant Company Controller on the tech big between February 2017 and Could 2018.
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