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Douglas R. Bettinger is an experienced executive who served as the Chief Financial Officer at Broadcom, a major player in the semiconductor industry. He joined Broadcom in December 2009 and led significant financial initiatives until his resignation in March 2013,...

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Douglas R. Bettinger

Ex-CEO of Broadcom Inc.

Education

Bachelor of Business Administration from the University of Michigan.

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Technology

Born

July 20, 1960 - 64 years ago

CEO of Broadcom Inc. for

3 years 3 months (Dec 2009 - Mar 2013)

Previous Experience

Chief Financial Officer for Allegro Manufacturing Pte Ltd and senior finance management positions at Lam Research Corporation and Hitachi Data Systems Corporation.

Holdings

See how much did Douglas R. Bettinger make over time.

Douglas R. Bettinger had significant financial interests tied to his role at Broadcom. At one point, a considerable portion of his wealth was in Broadcom stock options, reflecting the strong connection between his compensation and the company's performance. For instance,...

Jan 24, 2025

Total Stock Sold

$5.88M

LRCX

$5.24M

2,230,770 LRCX shares

AVGO

$640.43K

1,825,000 AVGO shares

What if they kept their stock?

If Douglas R. Bettinger didn't sell their stock, today they would have:
Extra LRCX2,230,770 shares worth $57.62M and AVGO1,825,000 shares worth $46.41M.
This is 1,669.73% and $98.15M more than what they got when they sold the stock.

Charitable Transactions

LRCX

150,850 shares

LRCX

Recent Charitable Transactions

LRCX

174 shares

LRCX

Aug 3, 2023

Charity

LRCX

355 shares

LRCX

Nov 13, 2020

Charity

LRCX

14,556 shares

LRCX

Oct 22, 2020

Charity

Insider Trading

See recent insider trades of Douglas R. Bettinger.

LRCX

1,324 shares

LRCX

Mar 1, 2024

Received

LRCX

$1.34M

LRCX at $705.86/share

Aug 3, 2023

Sale

LRCX

174 shares

LRCX

Aug 3, 2023

Charity

LRCX

1,709 shares

LRCX

Mar 1, 2023

Received

LRCX

$15.33M

LRCX at $439.22/share

Aug 30, 2022

Sale

LRCX

1,266 shares

LRCX

Mar 1, 2022

Received

LRCX

$2.94M

LRCX at $555.21/share

Oct 25, 2021

Sale

LRCX

2,217 shares

LRCX

Mar 1, 2021

Received

LRCX

$4.88M

LRCX at $592.71/share

Feb 16, 2021

Sale

LRCX

$3.48M

LRCX at $425.19/share

Nov 13, 2020

Sale

Compensation History

See how much did Douglas R. Bettinger make over time.

During his time as CFO at Broadcom, Douglas R. Bettinger's compensation varied significantly. In 2009, he earned nearly $970,000, including stock options worth $326,620. He saw an increase in 2011, reaching about $1.4 million, where his income was heavily influenced by vested stock units. In contrast, his 2013 compensation dipped to $175,647 due to his early resignation, which came before any new stock awards could vest. Throughout his career, performance metrics heavily influenced his pay structure. His results illustrate how a strategic focus on aligning executive pay with company performance can drive results and reflect the broader goals of the organization.

Year

2013

Total Compensation

$175.65K

Salary

$172.26K

Board Justification

The compensation philosophy aims to attract and retain qualified executives while aligning their interests with those of shareholders through performance-based compensation.

Bonus

$0.00

Board Justification

No bonus was awarded as Mr. Bettinger left the Company on March 8, 2013.

Other

$3.39K

Board Justification

This includes a 401(k) employer match and other benefits.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards were granted or vested in 2013 as Mr. Bettinger left the Company before any grants could vest.

Performance Metrics

Performance metrics were not applicable for Mr. Bettinger as he left the Company before the performance metrics could be evaluated.