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The new CEO had previously been CFO since 2014. If his actions turned an unsalable company into a company that could be sold for $465 million then I'd say he's
by barbegal 8y ago
The new CEO had previously been CFO since 2014. If his actions turned an unsalable company into a company that could be sold for $465 million then I'd say he's probably worth the $11 million. And the founding CEO surely drew a reasonable salary despite the company making a loss.
- gkoberger 8y agoYeah, to be clear, I'm not saying anyone did anything wrong.
- bsder 8y agoPossibly, but how many more of these deals will it take until the employee pool goes away permanently? If you have the skills to be good at a startup, you can go to one of the big boys for a lot of cash.
- Eridrus 8y agoI think this says more about top end compensation, rather than startup compensation. The effect is going to be top end employees not really being early employees at startups, but that's not necessarily bad.