Last year, nine U.S. CEOs received more annual salaries than Apple’s Tim Cook, the world’s No. 1 market cap. Among them, Kiwi Camara, co-founder of CS Disco, who is only 39 years old, is drawing attention.Earlier, the Wall Street Journal (WSJ) quoted C-Sweet Comp, an executive remuneration analysis company, as saying that CEO Cook earned $99 million last year.It’s a huge amount, but there are nine more people than Cook.Blackstone CEO Steven Schwartzman topped the list with $253 million (about 330 billion won). It was followed by Google’s Sundai Pichai ($226 million) and Hertz’s Steven Sher ($182 million).Among the CEOs of global conglomerates as big as Apple, CSDisco’s Kiwi Camara stood out.Camara, who is only 39 years old, made $110 million. CS Disco, which he co-founded, is a legal-related cloud service company and is headquartered in Austin, Texas.Camara’s annual salary is low at $500,000, but stock options hit the jackpot with $109 million. The company’s market capitalization is over 20%.Born in the Philippines, Camara immigrated to the United States as a child. He received a bachelor’s degree in computer science from Pacific University in Hawaii at the age of 16 and graduated from Harvard Law School in 2004 at the age of 19. He is the youngest doctor of law ever.However, Kamara was strongly criticized for being racist for using disparaging expressions of black people in her class notes when she was a student at Harvard. Kamara later told ABC in 2009 that she did not find a popular job among law school graduates because of the incident.Kamara, who later established a law firm and started her social life with free arguments, developed a legal solution service called “Disco” by taking advantage of both her computer science and law majors.
When the service was well received, he quit the law firm in 2013 and established CS Disco.CS Disco is taking charge of “things that do not require the judgment of lawyers” by providing customized information using new technologies such as artificial intelligence (AI) and cloud computing to lawyers and law firms.Currently, CSDisco has also been selected as Forbes Cloud 100, which selects the best unlisted cloud service company in 2020 and 2021.CS Disco went public in July 2021. The current market capitalization is about $500 million, up 30% this year. However, it has fallen more than 80% from the highest recorded in September last year.
TED PARK
US ASIA JOURNAL
