Palo Alto gave Tel Aviv Stock Exchange executives a beautiful benchmark

Palo Alto Networks has joined the Tel Aviv Stock Exchange, with CEO Nikesh Arora's salary standing at $80.3 million per year. The article examines the impact of salary disclosure on other executives, noting that the company's entry sets a new benchmark that could lead to further increases in executive pay.

The article discusses the joining of cybersecurity giant Palo Alto Networks to the Tel Aviv Stock Exchange, presenting CEO Nikesh Arora's salary as $80.3 million per year (about 250 million shekels). The author compares this salary to those of Apple and Microsoft CEOs Tim Cook ($74 million) and Satya Nadella ($91 million). It is further argued that the disclosure of executive salaries, intended to curb pay, has actually led to its increase, as managers align upward with their peers. Palo Alto's entry sets a new benchmark that could further increase executives' appetite for salary upgrades.