Stiff competition for talent is one of the factors driving up general counsel compensation in the tech industry. Credit: Sira Anamwong/Shutterstock.com 2023 Compensation Survey: Showered With Stock, Tech GCs Incentivized to 'Knock It Out of the Park'
"Base salary and bonus cash compensation isn't something I've spent a lot of time discussing with my peers, because at some point it tops out. What we talk about is equity," said Danielle Sheer, general counsel of Commvault.
September 19, 2023 at 11:41 AM
6 minute read
Legal chiefs in tech vastly out-earned their counterparts in other industries in 2022, even though tech underwent a retrenching last year marked by tens of thousands of layoffs and plunging stock prices.
Eleven of the 20 highest-paid general counsel were from tech companies, and the tech industry held the top four slots, according to Corporate Counsel and ALM Intelligence's 2023 General Counsel Compensation Report, based on Securities and Exchange Commission pay disclosures of the Fortune 1000 for fiscal 2022.
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