Most of the money offered to new hires like Pang is tied to Meta’s stock. The actual cash includes a base salary and a joining bonus, but the biggest part depends on how well Meta performs over time.

Meta offered one of Apple's top artificial intelligence executives over $200 million to lure him away from the company, Bloomberg reports.

Meta Platforms (META) has offered exceptionally large compensation packages to key hires for its new “superintelligence” division, including a deal worth over $200 million for Ruoming Pang, a former distinguished engineer at Apple (AAPL).