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2021-04-30

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Palantir CEO Saw Compensation Rise Nearly 9,000% In 2020

Palantir Technologies Inc CEO Alexander Karp was paid $1.10 billion last year for his service to the

Palantir CEO Saw Compensation Rise Nearly 9,000% In 2020

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In 2019, Karp was paid $12.1 million.</p><p>Karp’s annual salary for the fiscal year ended Dec. 31, 2020, was $1.1 million and included $177,273 paid in bi-monthly installments and $124,364 paid in quarterly installments as an annual stipend. $800,00 was paid in quarterly installments as a “travel stipend,” according to a filing made with the U.S. Securities and Exchange Commission</p><p>The company’s co-founder Steven Cohen received $192 million in 2020 and was paid $16.1 million in 2019.</p><p><b>Why It Matters:</b>Palantir went public via adirect listing in September 2020. The firm targets government and commercial sectors through its Gotham and Palantir Foundry platforms.</p><p>Fast Money trader Guy Adami said Thursday on a CNBC program that Palantir&nbsp;is poised to have a great 2021.</p><p>Since going public, the company’s shares have touched a high of $45 and a low of $8.90. 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In 2019, Karp was paid $12.1 million.Karp’s annual salary for the fiscal year ended Dec. 31, 2020, was $1.1 million and included $177,273 paid in bi-monthly installments and $124,364 paid in quarterly installments as an annual stipend. $800,00 was paid in quarterly installments as a “travel stipend,” according to a filing made with the U.S. Securities and Exchange CommissionThe company’s co-founder Steven Cohen received $192 million in 2020 and was paid $16.1 million in 2019.Why It Matters:Palantir went public via adirect listing in September 2020. The firm targets government and commercial sectors through its Gotham and Palantir Foundry platforms.Fast Money trader Guy Adami said Thursday on a CNBC program that Palantir is poised to have a great 2021.Since going public, the company’s shares have touched a high of $45 and a low of $8.90. 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