catculation@lemmy.zip to Technology@lemmy.worldEnglish · 9 months agoReddit CEO Defends His Absurdly High Pay While Not Paying Modsfuturism.comexternal-linkmessage-square325fedilinkarrow-up11.29Karrow-down128
arrow-up11.27Karrow-down1external-linkReddit CEO Defends His Absurdly High Pay While Not Paying Modsfuturism.comcatculation@lemmy.zip to Technology@lemmy.worldEnglish · 9 months agomessage-square325fedilink
minus-squareLiveLM@lemmy.ziplinkfedilinkEnglisharrow-up84arrow-down2·edit-29 months ago During a recent Q&A video, Huffman argued that he was totally justified in paying himself more than the CEOs of Meta, Pinterest and Snap combined. “If the company does well, I will do well,” he said. “If the company does not do well, I don’t either.” Motherfucker is saying NOTHING. Generic ass, MEANINGLESS STATEMENT
minus-squareFlying Squid@lemmy.worldlinkfedilinkEnglisharrow-up54arrow-down2·9 months agoIt’s also a lie. If the company does well, he gets richer. If the company does not do well, he’s still rich.
minus-squarepaddirn@lemmy.worldlinkfedilinkEnglisharrow-up20arrow-down1·9 months agoHe’ll still get a golden parachute if the company goes to shit.
minus-squarecapital@lemmy.worldlinkfedilinkEnglisharrow-up16·edit-29 months agoI think what he means is, his compensation is mostly tied to stocks and therefore stock performance. No, he won’t be poor if it does badly but it would change his compensation in a huge way. Edit: .2% (rounded up) of his compensation is just normal salary. The rest is stocks.
minus-squarethemeatbridge@lemmy.worldlinkfedilinkEnglisharrow-up18arrow-down3·9 months agoI mean, what do you expect him to say? “Lol, get fucked”?
minus-squaremaniclucky@lemmy.worldlinkfedilinkEnglisharrow-up12arrow-down1·9 months agoA little bit. He doesn’t strike me as the type to keep the quiet part quiet.
Motherfucker is saying NOTHING. Generic ass, MEANINGLESS STATEMENT
It’s also a lie. If the company does well, he gets richer. If the company does not do well, he’s still rich.
He’ll still get a golden parachute if the company goes to shit.
I think what he means is, his compensation is mostly tied to stocks and therefore stock performance.
No, he won’t be poor if it does badly but it would change his compensation in a huge way.
Edit: .2% (rounded up) of his compensation is just normal salary. The rest is stocks.
I mean, what do you expect him to say? “Lol, get fucked”?
A little bit. He doesn’t strike me as the type to keep the quiet part quiet.