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>"I'll just point out that the SVP of engineering, a former Microsoft exec, received $34 million in compensation, since joining less than 6 months ago." I am c
by bogomipz 9y ago
>"I'll just point out that the SVP of engineering, a former Microsoft exec, received $34 million in compensation, since joining less than 6 months ago."
I am curious what contributions can a single executive make to a company that justify $34 million dollars in compensation?
More so what contributions did that individual make in less than 6 months that can justify this obscene level of compensation? Did they create 3x or 5x of this compensation in value?
Remember this the next time a recruiter at some startup tries to tell they offer options in lieu of cash because the company wants you "to have skin in the game."
- nnain 9y agoI would guess that he was hired so he can bring in some multi million clients from his network. Such hires can sometimes bring a lot of value to the company or just be a big drain at other times (the more severe effect though can be a dip in motivation for other techies).
- bogomipz 9y ago"Clients"? It's not a customer facing role.
- paloaltoasshole 9y ago> Remember this the next time a recruiter at some startup tries to tell they offer options in lieu of cash because the company wants you "to have skin in the game." The SVP got $130k in cash and $34m in stocks