Re:Musk’s Twitter Purchase Was a Leveraged Buyout
by Ancapistani on Friday November 04, 2022 @01:55PM
(#33471056)
Yeah, total comp is the number the business cares about in this situation. Salary is only a part of that.
> a lot of that is probably stock options which now must be paid in cash
I won't say that's not a big deal, but it's a one-time cost. Paying $500k today to save $300k / year is an excellent move for Twitter - assuming, of course, that Musk is correct in his estimation that the employees cut were not contributing to the company's revenue.
> a lot of that is probably stock options which now must be paid in cash
I won't say that's not a big deal, but it's a one-time cost. Paying $500k today to save $300k / year is an excellent move for Twitter - assuming, of course, that Musk is correct in his estimation that the employees cut were not contributing to the company's revenue.