Sure, spez, tell us again how reddit’s just never managed to make a profit …

  • Sarmyth@lemmy.world
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    8 months ago

    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.

    • Carighan Maconar@lemmy.world
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      8 months ago

      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.

      • Sarmyth@lemmy.world
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        8 months ago

        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.