News for hackers. Stuff that matters.

A comment on Reddit Files to Go Public, Reveals That It Paid CEO $193M Last Year.

Re:Reddit Files to Go Public, Reveals That It Paid CEO $193M... by dcchambers on Thursday February 22, 2024 @09:17PM (#39476133)
Paying 1/4 of your revenue to the CEO is certainly a choice...
[ Parent | on HN ]
Re:Reddit Files to Go Public, Reveals That It Paid CEO $193M... by scotty79 on Thursday February 22, 2024 @11:59PM (#39477164)
Well, Tesla "decided" to pay 55bln to Musk. The court had to step in to prevent that.

Maybe the system we have in place that decides how much CEOs get is due for update?

[ Parent | on HN ]
Re:Reddit Files to Go Public, Reveals That It Paid CEO $193M... by deprecative on Friday February 23, 2024 @01:09AM (#39477504)
No, that's socialist. We should give them more money because they few actually pulled themselves up by their own bootstraps. They're simply better than we are in every way.
[ Parent | on HN ]
Re:Reddit Files to Go Public, Reveals That It Paid CEO $193M... by bdjsiqoocwk on Friday February 23, 2024 @01:59AM (#39477742)
The system didn't make a decision on how much the CEO gets paid. It made the decision that the board of a public company can't give the shareholders money to their friends.
[ Parent | on HN ]
Re:Reddit Files to Go Public, Reveals That It Paid CEO $193M... by erichocean on Friday February 23, 2024 @08:45AM (#39480483)
> the board of a public company can't give the shareholders money to their friends

Crazy!

Delaware should also reorganize Tesla so that shareholders have a vote as to how Musk is paid—just like every other public company.

[ Parent | on HN ]
Re:Reddit Files to Go Public, Reveals That It Paid CEO $193M... by toomuchtodo on Thursday February 22, 2024 @09:49PM (#39476380)
Interestingly enough, Sam Altman has ~$60M invested in Reddit and ~10% voting control.
[ Parent | on HN ]
Re:Reddit Files to Go Public, Reveals That It Paid CEO $193M... by soarerz on Thursday February 22, 2024 @10:19PM (#39476550)
Its including options and rsu?
[ Parent | on HN ]
Re:Reddit Files to Go Public, Reveals That It Paid CEO $193M... by dcchambers on Thursday February 22, 2024 @10:52PM (#39476754)
Yes, not all cash compensation, but that's still an insanely high amount considering the total revenue being what it is.
[ Parent | on HN ]
Re:Reddit Files to Go Public, Reveals That It Paid CEO $193M... by nly on Friday February 23, 2024 @05:55AM (#39479141)
Yeah... going public is basically just a way for him to cash out (again)
[ Parent | on HN ]