Bitcoin Miner Executives Face Backlash Over Soaring Pay Packages
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Description
US Bitcoin mining executives are drawing criticism from shareholders as their pay packages soar far beyond peers in the energy and tech sectors, according to a new report by asset manager VanEck. Despite receiving “aggressive compensation packages,” shareholder approval for executive pay among Bitcoin mining firms is notably low, with investors pushing back against what they see as oversized stock awards that dilute their holdings. VanEck’s head of digital assets research, Matthew Sigel, and inv...
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