Reddit Files to Go Public, Reveals That It Paid CEO $193 Million Last Year
thedailybeast.com
Sure, spez, tell us again how reddit's just never managed to make a profit ...
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Sure, spez, tell us again how reddit's just never managed to make a profit ...
Guys.... in the SEC article, it breaks it down. He was paid a little under $400k
The rest is all in stock and options grants. It's not real money yet. It's not money that could have been spent on things or profits that could have been realized.
If the stock tanks like Lemmy users believe it will, it'll be considerably lower compensation. This is typical for a CEO and not scumbaggy on its own. You typically want the CEOs compensation to be heavily impacted by company performance. This is how that's achieved.
Yeah of course, although it should be noted that 400k still puts you in the very upper echolons of income, into what most people would square consider "rich" territory.
Oh yeah, he's compensated well, no doubt, but his pay isn't what keeps the company from being profitable is all I'm saying.