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THey are paying $170M in stock based compensation this quarter. That is in addition to salaries. These costs add up fast. No wonder lay offs are needed. If I we
by product50 10y ago
THey are paying $170M in stock based compensation this quarter. That is in addition to salaries. These costs add up fast. No wonder lay offs are needed. If I were them, I would target people who are stock compensated very high to start lowering those costs. That said, Adam Bain and Anthony Noto are each paid $70M/yr in stock compensation [1] - so you have that.
[1] http://www.wsj.com/articles/twitters-anthony-noto-had-top-pay-of-73-million-last-year-1429569351 http://www.wsj.com/articles/twitters-anthony-noto-had-top-pa...
- drakonandor 10y agoThey're offered a lot of stock because they're worth something to the company. Same goes for new grad engineers pulling tons of income in stock. It's possibly a bad strategy for a tech company to start firing the people it values most.
- LordHumungous 10y agoGood fucking God, a company that hasn't made a profit in ten years is paying their CFO $70M? I hate Silicon Valley so much.