• TWeaK@lemm.ee
    link
    fedilink
    English
    arrow-up
    104
    arrow-down
    1
    ·
    11 months ago

    So they’re making $150-300k per year, with more for severance. That is indeed relatively low compared to major tech companies.

    The article’s examples were Docusign (CEO made $85M) and Google (CEO made $225M).

      • prole@sh.itjust.works
        link
        fedilink
        English
        arrow-up
        23
        arrow-down
        1
        ·
        edit-2
        11 months ago

        Hell, even low 7-figures could make sense. Though even that’s still high.

        But Jesus Christ with these hundreds of millions, it’s obscene.

    • QuadratureSurfer@lemmy.world
      link
      fedilink
      English
      arrow-up
      13
      arrow-down
      16
      ·
      11 months ago

      It’s important to note that most of what they “made” is actually just the stock that they already own or the stock options they received.

      In general the actual cash that they receive is less than $500k.

      Taxes are calculated differently on stock sales vs wages.

        • QuadratureSurfer@lemmy.world
          link
          fedilink
          English
          arrow-up
          17
          arrow-down
          5
          ·
          11 months ago

          The lack of people understanding this is what leads to poorly written laws.

          They think that all we need is an income tax to tax the rich more.

          So when laws are passed saying that they’ll tax anyone making more than $1mil, people don’t realize that it doesn’t really do a whole lot.

      • TWeaK@lemm.ee
        link
        fedilink
        English
        arrow-up
        2
        ·
        11 months ago

        You’re right that their salaries weren’t $500k plus, those numbers included severance. Actual salaries were in the order of $150-300k (with the highest salaries paid to the owners).

        Wikimedia doesn’t have stock AFAIK.