this post was submitted on 23 Feb 2024
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Remember when Spez said it was "It's time we grow up and behave like an adult company"? Apparently, that means paying himself $193 million and single-handedly tanking Reddit's profitability right b... (www.npr.org)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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Remember when Spez said it was "It's time we grow up and behave like an adult company"? Apparently, that means paying himself $193 million and single-handedly tanking Reddit's profitability right b...::undefined

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[–] johannesvanderwhales@lemmy.world 21 points 1 year ago* (last edited 1 year ago)

How much of that compensation is in stock? It's pretty common for executives to be largely compensated in stock, particularly right before an IPO.

I only point this out because the math isn't necessarily as simple as revenue minus executive compensation. Issuing stock isn't a cash transaction for reddit.