If you’ve gone from earning 40k and struggling, to earning 70k, do you care what the CEO’s motives are?
It’s been 5 years, or $150k each, and there’s been no apparent bad news. What more do you need?
Have you changed in the last 5 years?
Re:The boss who put everyone on 70K
by lonelappde on Friday February 28, 2020 @09:01AM
(#22442784)
The bad news is from his brother/shareholder who claims he was deprived of his share of profit by CEO diverting funds to his own wage, and from his ex wife who approves extensive physical abuse.
Re:The boss who put everyone on 70K
by zacharycohn on Friday February 28, 2020 @01:32PM
(#22445086)
Even if he dropped his salary to $70k, he makes money elsewhere (like speaking fees, apparently), and has a huge equity stake in the company that has grown enormously.
“Gravity’s 2014 profit was $2.2 million, Price adds. At private companies with sales like Gravity’s total revenue, salary and bonus for the top quartile of CEOs is $710,000, according to Chief Executive magazine’s annual compensation survey. At companies with sales like Gravity’s net revenue, the top quartile pay falls to about $373,000. At companies with a similar number of employees as Gravity, the top quartile of CEOs makes $470,000 in salary and bonus. The CEO of JetPay, a publicly traded competitor that processes a similar volume as Gravity, received $355,000 in 2014.“
Yet his comp was $1.1MM?
“Price signed with the talent agency William Morris Endeavor Entertainment and now charges as much as $20,000 per speech, Pirkle says.”
Or his obvious avoidance to answering the direct questions. It’s cool what he did, but I don’t trust the guy. Or at least I doubt his motives are so honorable. Perhaps I’m too cynical.