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He lost his career and all subsequent earnings, which would have been substantial at the C-level executive tier. He’s only ~42 — this loss of earnings will vast
by nilkn 7y ago
He lost his career and all subsequent earnings, which would have been substantial at the C-level executive tier. He’s only ~42 — this loss of earnings will vastly exceed a small $500k payday at that career level. And we don’t see the probably astronomical figure he paid in legal fees. I find it very hard to believe he actually would consider this an optimal investment strategy.
- 4ntonius8lock 7y agoThis logic literally applies to everyone going to jail. It's not like C level people are some blue blood creature that feels the consequences of a criminal record differently than the rest of us.
- user5994461 7y agoC levels are making multiple millions per year and could retire anytime. They don't need to get a new job. The $1M from this sale alone is about what many people would earn in an entire lifetime.
- hammock 7y ago>C levels are making multiple millions per year and could retire anytime You must not know many C levels... The majority of those in my sphere are loaded down with jumbo mortgages, private school and college obligations. And they're not all making multiple millions per year.
- alasdair_ 7y ago>You must not know many C levels... The majority of those in my sphere are loaded down with jumbo mortgages, private school and college obligations. And they're not all making multiple millions per year. The average CIO at a fortune 500 (which is what we're talking about) gets $1.4MM according to https://blogs.wsj.com/cio/2016/09/12/small-data-what-fortune-500-cios-get-paid/ https://blogs.wsj.com/cio/2016/09/12/small-data-what-fortune... So yes, not multiple millions but it's quite a difference from the average startup CIO.
- deleted 7y ago[deleted]