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Reddit CEO Defends His Absurdly High Pay While Not Paying Mods (futurism.com)

submitted 7 months ago by [email protected] to c/[email protected]

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[–] [email protected] 62 points 7 months ago (1 children)

The CEO of the company I work at proudly tells us that his compensation is mostly stock, so if we’re not doing well as a company, he will not get paid.

He thinks this will sound like he’s got skin in the game and is making some kind of sacrifice.

What it actually tells me is that he is aligned to shareholders, not customers or staff. And that he cares about the stock price, which is not at all the same things as whether we are doing well as a company.

[–] [email protected] 18 points 7 months ago

I wish I had understood this years ago. I probably would have found a better place to work.