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You and me both, man. However, it's a different path for top executives versus the rest of us. If you follow folks at that level, you'll notice that even when
by NeverFade 7y ago
You and me both, man.
However, it's a different path for top executives versus the rest of us.
If you follow folks at that level, you'll notice that even when their startup fizzles, they tend to come out on top.
There are ways to get paid well at an exit even when your stock are nominally worthless. If you're an executive. Not to mention that if their startup was worth $100m+ at one point, they would likely get a chance to start another.
None of this is criticism, by the way: many of these guys worked harder and longer than most engineers.
They did get disproportionately compensated for it, though.
- no_flags 7y agoWhat are the ways they get paid at exit with worthless stock?
- NeverFade 7y agoOne example: if you're the one who approves the sale, you can arrange for a cushy job with a golden parachute at the acquiring entity. Say, $1m/yr comp with $30m mandatory severance whenever you leave for any reason. Congrats, you just got paid $30m+ as an exec for an exit that paid nothing to all other shareholders.