Reddit Files to Go Public, Reveals That It Paid CEO $193 Million Last Year

MataVatnik@lemmy.world to News@lemmy.world – 386 points –
Reddit Files to Go Public, Reveals That It Paid CEO $193 Million Last Year
thedailybeast.com

We live under corporate feudalism

49

You are viewing a single comment

The article states that part of the compensation was stock and stock options. Likely incentive programs from previous years that finally paid off.

edit: looks like spez got 600k salary, and the rest of the compensation is solely based on the stock's performance.. and he can't cash that out unless someone is willing to buy all that reddit stock.

I have no doubt some really dumb bag holders are willing to hold more bags.

Well he has been grooming them on reddit for something... it will be a blood bath