• Sat. Apr 20th, 2024

Check Point CEO Gil Shvid to Retire After Serving 30 Years: Rewards and Bonuses for Top Executives

BySamantha Jones

Apr 3, 2024
Gil Shvid’s salary cost came in at $18 million, slightly less than expected, but still substantial

Check Point CEO Gil Shvid recently announced his intention to retire after serving 30 years as the head of the company. In 2023, he received rewards worth $17.9 million, which was a decrease compared to previous years. This information was revealed in Check Point’s extended report (20F) for 2023.

Shvid opted to waive his salary and bonus, except for the minimum required by law, and the majority of his rewards were in the form of capital allocation. Over the last decade, Shvid has received rewards worth a cumulative total of $314.7 million, with most of it being equity-based.

In addition to Shvid, four other senior executives at Check Point also received annual bonuses in 2023 at a cost ranging from $1.8 million to $6.2 million each. Shvid currently owns more than a quarter of Check Point’s shares, valued at almost $4.9 billion dollars. The company is traded on Nasdaq at a value of $19.2 billion dollars with no other interested parties besides Shvid.

Check Point’s employee count increased by about 7% in 2023 to 6,450 employees, with 2,672 working in Israel alone. The employees are mainly engaged in marketing and sales activities, business development research and development support operations management finance information systems and others activities such as marketing research and development support operations management finance information systems and others activities such as marketing research and development support operations management finance information systems and others activities such as marketing research and development support operations management finance information systems and others activities such as marketing research

By Samantha Jones

As a content writer at newsnnk.com, I weave words into captivating stories that inform and engage our readers. With a passion for storytelling and an eye for detail, I strive to deliver high-quality and engaging content that resonates with our audience. From breaking news to thought-provoking features, I am dedicated to providing informative and compelling articles that keep our readers informed and entertained. Join me on this journey as we explore the world through the power of words.

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