All posts tagged: 89M

Charter CEO Chris Winfrey’s Pay Rises to M in 2023

Charter CEO Chris Winfrey’s Pay Rises to $89M in 2023

Published by Sam

Charter Communications CEO Chris Winfrey received a compensation package worth $89 million in 2023, up significantly from a $15.6 million package he received in 2022. Last year was Winfrey’s first full year as CEO of the cable giant, taking over at the end of 2022. A Securities and Exchange Commission filing issued March 4 by Charter indicated Winfrey’s base salary for 2023 was $1.7 million, up from a year-earlier $1.35 million. The bulk of Winfrey’s overall pay was in option awards, with the executive receiving $75 million in option awards, after taking home $12 million in 2020. He also received $8.7 million in stock awards, and $3.5 million in non-equity incentive plan comp. Winfrey’s overall pay is tied  to Charter’s new 5-year performance-based equity program for executive officers, which has yardsticks like stock performance and time-based vesting criteria to ensure compensation reflects share price gains for investors. Tom Rutledge retired as Charter CEO in 2022 and took on the role of executive chairman, with Winfrey tapped to replace him. Last year, Rutledge took home $19.5 …

CADDi raises M Series C to scale its B2B supply chain marketplace for manufacturing parts 

CADDi raises $89M Series C to scale its B2B supply chain marketplace for manufacturing parts 

Published by skeptic

The pandemic has damaged the entire manufacturing supply chain, which is not likely to return to normal until at least 2024 due to a few challenges, including the ongoing U.S.-China tech battle. According to a recent survey by the Association of Equipment Manufacturers (AEM), which surveyed more than 150 equipment manufacturing firms and 179 equipment manufacturing executives, 98% of the respondents still are facing the supply chain issue and more than half are experiencing worsening supply chain conditions owing to a labor shortage and access to source intermediate components.  Today, a startup called CADDi, which operates a business-to-business (B2B) marketplace for the manufacturing industry, said it has raised $89 million in a Series C round, bringing its total capital to $164 million, to scale its business and help those equipment manufacturing players.  Existing investors Globis Capital Partners, DCM Ventures, Global Brain, World Innovation Lab (WiL), JAFCO and Minerva Growth Partners participated in the Series C financing along with four new investors, including SMBC Venture Capital and Mitsubishi UFJ Capital.  CADDi did not provide its post-valuation but …