3 ms·
"There are only a few hundred billionaires in this country, and they didn't get that money by being paid a salary." A non trivial number of them actually did.
by qaq 7y ago
"There are only a few hundred billionaires in this country, and they didn't get that money by being paid a salary." A non trivial number of them actually did.
- lotsofpulp 7y agoSource? I can't think of a single person with a net asset value in the billions that got there via cash every 2 weeks. It's always increases in equity value that get you there.
- qaq 7y agoThey got it as signup bonus + salary + bonuses. Eric Schmidt, Jamie Dimon, Lloyd blankfein, Sheryl Kara Sandberg, Roberto Goizueta,Steve Ballmer, Michael Eisner prob many others I do not remember Sundar Pichai will soon join that list
- badfrog 7y agoFrom Wikipedia: > Ballmer was offered a salary of $50,000 as well as 5-10% of the company.[17] When Microsoft was incorporated in 1981, Ballmer owned 8% of the company. > While CEO of Microsoft in 2009, Ballmer earned a total compensation of $1,276,627, which included a base salary of $665,833, a cash bonus of $600,000, no stock or options, and other compensation of $10,794. His billions came from the ~10% of the company he got when he started, not from his wages. This is closer to a co-founder than a typical employee.
- qaq 7y agoOK scratch Ballmer