Snowflake CEO becomes one of the best-paid tech executives

Snowflake Inc. is doing well by any stretch of the imagination.

This week, the cloud-computing company reported that third-quarter revenue more than doubled from a year earlier, and its stock has surged 223% since its Sept. 15 initial public offering.

That has helped make Chief Executive Officer Frank Slootman one of the best-paid technology executives. A compensation package he received upon joining Snowflake in April 2019 awards him a batch of options every month – for four years – that are now worth more than $108 million each, or about $1.3 billion annually.