Reddit CEO pay was $190M
Company exists simply to extract money for the CEO. You'd have to be insane to buy any shares.
Company exists simply to extract money for the CEO. You'd have to be insane to buy any shares.
CEO pay for 2023: 341,346 (cash salary) + 98,332,716 (stock) + 93,776,049 (options) + 792,000 (cash bonus)
It's hard to really value the 190M of stock+options, though it seems like it'll be enought to buy some really nice avocado toast.
Anyway though, shouldn't we be celebrating this? Isn't it the hacker news dream, creating a startup that creates zero real physical products, contributes to climate change, drives youths to addiction and worse, all while becoming filthy rich along the way.
re (1): https://x.com/eshear/status/1761483016936046596?s=20
But I would hope that we hold public companies to a better standard.
Putting in place a 10 year options scheme before IPO so future public shareholders can't vote it down just smells.