Meta’s poaching of a top Apple Intelligence executive has been a costly exercise, with the social giant doling out $200 million for the worker.
Apple Intelligence executive set to get $200M payoff for Meta poaching
Apple Intelligence executive set to get $200M payoff for Meta poaching
On Monday, reports surfaced about the head of Apple’s foundational models team, Ruoming Pang, being poached by Meta. While at the time it was thought that the pay package was worth tens of millions of dollars per year, the total compensation seems to have extended to nine figures.
According to Bloomberg, Pang will be paid more than $200 million across several years, conditions permitting. Despite its massive size, the package is allegedly in line with other major hires for Meta’s Superintelligence Labs team.