Re:Robinhood lays off 23% of staff
by radicaldreamer on Tuesday August 02, 2022 @06:33PM
(#32325125)
Steve Jobs famously took a $1 salary and everything else was in stock.
[ Parent
| on HN ]
Coz salary is taxed higher, many billionaires do this. He had enough control to not pay tax and just spend on the company's credit card.
Re:Robinhood lays off 23% of staff
by jacklizhui on Tuesday August 02, 2022 @08:52PM
(#32326342)
The take away here is, he did get compensated. What proportions were cash salary, irrelevant.
Re:Robinhood lays off 23% of staff
by bostonpete on Tuesday August 02, 2022 @06:38PM
(#32325172)
That's not really true, at least not in the same way being discussed above. Jobs already owned millions of shares in Apple stock, so yes, he profited from the stock but AFAIK that was only from the appreciation of existing stock, not from new grants.
If nothing else, he also got unlimited personal use of the company jet.
Re:Robinhood lays off 23% of staff
by radicaldreamer on Tuesday August 02, 2022 @07:32PM
(#32325671)
There's a whole options backdating scandal associated with his comp, so no, it wasn't just existing stock.