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by sytelus
2275 days ago
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I don't know much about this guy but when I hear a founder CEO cutting his pay to $0, I have to roll my eyes. Vast majority of CEO comp is in equity so cutting base pay to $0 has no material meaning. In addition, successful founder CEOs have typically already cashed out to the tune of millions of dollars while still retaining significant stock. With that much cash in the bank + ownership stack, the annual salaries or bonuses are icing on the cake. No CEO without a significant ownership stack is going to settle with $0 or even $70k. |
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