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But why are they paying him a cash stipend instead of expensing against receipts? Or is this meant to be more of a cap on how much he can spend on all that mon
by jpatokal 8y ago
But why are they paying him a cash stipend instead of expensing against receipts? Or is this meant to be more of a cap on how much he can spend on all that monthly?
- loeg 8y agoBeats me. It seems like essentially they're paying him $2.4 million, just divided into 3 separate buckets.
- babaganoosh89 8y agoIt’s because the IRS has a $1 million limit on executive pay for tax deduction purposes. So all this stuff just helps get around that.
- dkarbayev 8y ago$2.04M
- lsaferite 8y ago$2.42M $35k x 12 = $420k
- sidlls 8y agoIt's trivial to cap expenses against receipts. Companies do this all the time for example with cell phone allowances.
- deleted 8y ago[deleted]