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by jfoutz
5915 days ago
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I don't know what fog creek does. Usually some % of profits is reserved for distribution to employees. say, 10 dollars in profits. 10% to profit sharing, that dollar is divided among the employees, proportional to their salaries. The other 9 dollars go to other stuff, like growing the company, or distribution of profits to shareholders. So, joel may make a lot of money, but i seriously doubt he's half, or even 10% of the profit sharing money. I also wouldn't count out the idea that some employees (other than Joel and Michael) have stock, so they get paid again when profits are distributed. employees are rich. shareholders are wealthy. |
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