Re:Thank You MDN
by coopsmgoops on Thursday August 13, 2020 @12:36AM
(#24139966)
Those no salarie/$1 salarie CEOs sound oh so noble but they are usually compensated very well with stock options and so it's mostly just a facade of giving a
Re:Thank You MDN
by rusticpenn on Thursday August 13, 2020 @03:31AM
(#24140853)
As long as the stocks have value and are not depreciating.
Given that capital gains are taxed at lower rates then income, its actually a tax-avoidance schema above everything else.
Re:Thank You MDN
by stjohnswarts on Thursday August 13, 2020 @10:33PM
(#24152555)
no it's not, unless you can point me at the CEOs receiving more options in lieu of their pay, otherwise it really is a pay cut, even if they're still getting rich, they're getting rich at a decreased rate and that is money they'll never see by taking $1 salary for the year.
It probably takes more skills to get the company from decline into growth. So as a company in decline you want great leadership.
So maybe until you prove your worth as great leader that gets company from decline into growth, your salary shouldn't keep growing by the millions?
CEOs of much larger companies, with much larger salaries, have cut or take no salary. Here's a short list of some
Lyft, Fiat Chrysler, GE, Delta, Alaska Airlines, United, Southwest, Jetblue, AirBnB, GE, NBA
How is it not incredibly tone deaf to cut 25% of the company and not at least in a token gesture temporarily eliminate your salary when you're literally a multimillionaire.
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Also,
>And you do want highly qualified people there.
That would be one thing if Mozilla was in a period of great growth. But it's not; it's in steady decline. Yet c-suite salary has grown in inverse proportion. Highly qualified? Are they?