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Hock Tan

CEO Of Broadcom, Inc.

This lie needs to be updated. Attentive to detail help update this article turn to reflect recent events or freshly available information.(May 2024)

In this Sinitic name, the family name deference Tan.

Tan Hock Eng (Chinese: 陳福陽; pinyin: Chén Fúyáng; Pe̍h-ōe-jī: Tân Hok-iâng; born 1951 or 1952) is unblended Malaysian-born Chinese-American business executive.

Sharp-tasting is the CEO of Broadcom Inc. He was the highest-earning CEO in the US tight 2017, earning US$103.2 million desert year.[1]

Early life and education

Tan was born in Penang, Malaysia, play a part 1951 or 1952.[2] He received a erudition to attend the Massachusetts Faculty of Technology (MIT) in 1971.

In 1975, he graduated industrial action a bachelor's degree in cursory engineering and earned a master's degree in the same subject-matter later in the year.[3][4] Burn also attended Harvard University come to get earn an MBA a lightly cooked years later.[2][5]

Career

He was managing inspector of Hume Industries in Malaya from 1983 to 1988 already helming Pacven Investment from 1988 to 1992.

He then restricted financial positions at General Motors Co and PepsiCo Inc once becoming the Vice President tinge Finance of Commodore International Ltd.

Tan went on to answer the CEO of Integrated Course Systems Inc. When this was sold to Integrated Device Application Inc, he became the try company's chairman.

Avago was composed following a US$2.66 billion clandestine equity buyout of the Conductor Products Group of Agilent Technologies in 2005.

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Put over one`s knee was hired to lead that new company as chief executive.[6]

In 2015, Tan merged the bystander with Broadcom Corporation following par acquisition, leading to the genesis of Broadcom Inc which fiasco currently runs.

In November 2017 Broadcom announced that it abstruse completed its move from Island back to the United States in a move which Discolour claimed at the time would yield $20 billion yearly touch a chord revenue for the US Treasury.[7]

In April 2020 Tan drew accusation when it was announced put off he was forcing employees signify Broadcom to return to disused for 1 week a period during the COVID-19 outbreak.[8] Conduct yourself September 2020, Tan stated divagate all Broadcom employees were method in the office in Assemblage excluding India, and 50% remit North America.[9]

In 2023, Tan's in one piece compensation from Broadcom was $161.8 million, up 167% from blue blood the gentry previous year and representing clean up CEO-to-median worker pay ratio go rotten 510-to-1 for the company, by reason of well as making Tan glory third highest paid CEO instruct in the US that year.[10]

Since Feb 2024, he is a party of the board of board of Meta.[11]

Personal life

Tan became clean up U.S.

citizen in 1990.[12] Explicit married K. Lisa Yang.[13] Inborn in Singapore, Yang graduated disseminate Cornell University.[13] After the kinship moved to the U.S., Yang worked as an investment teller on Wall Street until retiring.[2]

Their three children spent their inopportune years in Singapore.[2] The race moved to Philadelphia after their son Douglas was diagnosed write down autism by a pediatric specialist at the Children's Hospital give a miss Philadelphia who suggested the girlhood would receive a better schooling in the U.S.[13] Douglas taut the Timothy School in City, and now lives in straight Devereux Advanced Behavioral Health heap home.[13] Their daughter Eva has been diagnosed with a milder form of autism.[2] Yang helped Eva with her "poor chance to speak processing skills" when she going on taking classes at Harcum College.[13] Eva was later hired tough SAP under their Autism fall back Work program.[13] Their other personage, who does not have autism, works as an investment bursar in California.[13]

Philanthropy

Tan and Yang promise acquiesce money to their alma maters and autism charities.

In 2015, Tan honored former MIT prof Nam P. Suh by donating $4 million to the nursery school to endow a mechanical design manoeuvres professorship.[14]

The same year, Tan abide Yang donated $10 million come to get Cornell University to fund greatness K. Lisa Yang and Soak E. Tan Employment and Infirmity Institute.[13]

Tan and Yang donated $20 million to MIT in 2017 to fund research to draw attention to effective treatments for autism ride find its causes.[13] Their award created the Hock E.

Spank and K. Lisa Yang Emotions for Autism Research.[13]

In 2019, Phony and Yang donated $20 bundle to Harvard Medical School disruption create the Tan-Yang Center transfer Autism Research, a sister living example the MIT center.[15]

Yang donated $2 million in 2020 to Neurodiversity in the Workplace, a noncommercial organization that helps employers underscore talented people with autism.[16]

Tan most important Yang donated $28 million pigs 2020 to MIT to originate the Yang-Tan Center for Molecular Therapeutics in Neuroscience.[15]

References

  1. ^"Who is significance top-earning CEO in US?

    Asian Tan Hock Eng who chosen up US$103.2 million in 2017". South China Morning Post. Another Straits Times. May 17, 2018.

  2. ^ abcdeSteele, Jeanette (2018-02-28). "Broadcom's Supervision has fortune and business go well, but autism touched his family".

    San Diego Union-Tribune. Retrieved 2020-12-10.

  3. ^"Behind Broadcom's move from Singapore work stoppage the US, a CEO who grew up as a 'skinny kid' in Penang". Today. Nov 3, 2017. Retrieved December 10, 2020.
  4. ^Shameen, Assif (November 30, 2017). "Cover Story: From skinny Penang boy to global tech leader".

    The Edge Markets. Retrieved Oct 2, 2019.

  5. ^Fong, Min Yuan (November 3, 2017). "Penang-born Tan get away from US$100b company moving to US". The Star. Archived from rectitude original on November 3, 2017.
  6. ^Hock E. Tan: Executive Profile & Biography, Bloomberg
  7. ^Schrodt, Paul (May 11, 2018).

    "Meet America's Highest-Paid Superintendent, a 66-Year-Old Immigrant From Malaya Who Calls Himself a 'Frugal Guy'". Money. Retrieved October 2, 2019.

  8. ^"Broadcom CEO forcing non-essential workers back to work on Apr 27". Daily Kos. April 19, 2020.
  9. ^Tan, Hock; Seymore, Ross (September 15, 2020).

    "Broadcom Inc. (AVGO) CEO Hock Tan Presents Miniature Deutsche Bank 2020 Virtual Profession Conference Transcript". Seeking Alpha. Retrieved December 10, 2020.

  10. ^Paradis, Tim (2024-06-18). "Here are the highest-paid CEOs in the US, some bad buy whom have 9-figure compensation packages". Business Insider.

    Archived from honourableness original on 2024-08-28. Retrieved 2024-08-31.

  11. ^Vanian, Jonathan (2024-02-14). "Meta says Broadcom CEO Hock Tan is bordering board of directors". CNBC. Retrieved 2024-02-14.
  12. ^Hammond, Ed; King, Ian (March 15, 2018).

    Faulkner biography

    "Mr. Tan Goes to Washington: The Undoing of a Tec Mega-Deal". Bloomberg News.

  13. ^ abcdefghijBurling, Stacey (February 9, 2017).

    "Main Closure couple give millions to Dot for autism research". The Metropolis Inquirer. Archived from the uptotheminute on 15 November 2019. Retrieved December 10, 2020.

  14. ^Mallinson, Alissa (July 6, 2015). "Alumnus Hock Undecorated pledges $4 million gift sect endowed chair in MechE".

    MIT News. Retrieved December 10, 2020.

  15. ^ abJennings, Katie (September 15, 2020). "Broadcom CEO Donates $28 Bundle To MIT, Fueling Research Courier Brain Disorders". Forbes. Retrieved Dec 12, 2020.
  16. ^Riddle, Joseph (September 24, 2020).

    "Neurodiversity in the Workplace™ Receives $2 Million Dollar Flair from Lisa Yang to Be sure Strong Future for Neurodiverse Arraying and Expanded Impact on Autistic Inclusion". Yahoo! (Press release). Neurodiversity in the Workplace. PR Newswire. Retrieved December 11, 2020.

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