Rs 8000000000 salary to Trapit Bansal, Rs 16700000000 salary to…, AI race heats up, Zuckerberg’s Meta plans to…

Silicon valley is known for higher packages in the world, now Mark Zuckerberg's Meta has hired Apple employees with high packages.

Meta’s latest recruitment has surpassed Trapit Bansal’s massive Rs 800 crore salary package. The deal for Ruming Pang, reportedly worth over Rs 1,600 crore in Indian currency, is considered very huge in Silicon Valley.

Meta CEO Mark Zuckerberg is aggressively hiring high-profile employees to build its Superintelligence Labs, to compete with AI giants like OpenAI, Google, and Anthropic. 

Ruming Pang Rs 1670 crore Salary Package

Among the hires, Meta has reportedly offered Ruming Pang (formerly at Apple) a massive $200 million (Rs 1,670 crore) deal, and Trapit Bansal (from OpenAI) a $100 million (Rs 835 crore) package.

If compared on the basis of numbers, the compensation offered to Meta’s Superintelligence Lab hires is more than the salaries of even top banking CEOs worldwide. According to Bloomberg, these high-end pay packages are linked to performance and long-term loyalty, which means the full amount is not guaranteed unless employees meet set targets and stay with the company.

Salary Breakdown Of Mega Compensation Packages

The compensation includes:

• Base salary

• Signing bonus

• Large equity stake in Meta stock

Equity forms the bulk of the deal. Initial pay and signing bonuses are in cash sums. In cases where candidates leave startup equity behind to join Meta, the signing bonus is adjusted upward to offset that loss.

However, the stock component comes with conditions that are tied to specific benchmarks like Meta’s stock price increasing by a certain percentage annually.

According to a Bloomberg report citing sources, many of these new hires are signing contracts longer than the typical four-year vesting period, showing Meta’s plan to retain top talent over the long term.