According to new research from asset management firm VanEck, U.S. bitcoin mining executives are paid far more than their IT and energy peers, largely due to generous stock incentive plans, which shareholders are protesting. Despite "aggressive compensation plans," bitcoin mining shareholders are "unhappy," according to Matthew Sigel, head of digital asset research at VanEck, and investment analyst Nathaniel Frankovitz, in a report on Thursday.
The researchers found that the average shareholder approval rate for executive compensation packages was only 64 per cent, compared with about 90 per cent for S & P 500 and Russell 3000 companies. "There appears to be good reason for this suspicion. Mining executives continue to award themselves excessive equity awards, which dilute shareholders' equity and fail to reliably link compensation to long-term value creation," they added.
VanEck: Investors express dissatisfaction with "excessive" compensation for bitcoin mining executives
2025-07-11 04:23:27
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