Prosus Offers CEO $100 Million Moonshot Package to Double Value

July 19, 2024, 8:56 AM UTC

Dutch e-commerce investor Prosus NV and its controlling shareholder Naspers Ltd. offered new Chief Executive Officer Fabricio Bloisi a $100 million “moonshot” pay package to double market value in the next four years.

Bloisi, who took over this month, will receive the payout if the group’s aggregate market capitalization doubles by June 30, 2028, and is maintained for another year, Prosus said in a statement Friday. The group must also generate above-average shareholder returns compared to peers over the period.

Such moonshot payouts have gained in popularity since Elon Musk’s unprecedented $56 billion Tesla Inc. pay package agreed to ...

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