3 ms·
Is Jack Dorsey paid any more than any other billionaire who owns a few Twitter shares? He could choose to not work for Twitter (some people might say he already
by dmurray 6y ago
Is Jack Dorsey paid any more than any other billionaire who owns a few Twitter shares? He could choose to not work for Twitter (some people might say he already has...) and still earn the same from his Twitter holdings, so it seems reasonable to say his compensation for being Twitter CEO is just the $1.40/year. And he "only" owns 2% of Twitter, so it's definitely reasonable that some other rich person could have the same size shareholding as a passive investment.
- femiagbabiaka 6y agoif you're being pedantic? no, but it's obvious that if you massively frontload your effective compensation in the form of stock in your company and employees coming in will never make as much on the stock as you do, that is still a gap in compensation. it doesn't pass the smell test for most people. WeWork is a perfect example of this
- dmurray 6y agoI would say that the overwhelming thing that separates Jack Dorsey from Twitter employees financially is that he is massively wealthy, not that he earns more for working there. If he founded a new small startup today, valued at a nominal amount, and paid all employees including himself $75k/year, wouldn't there be the same inequality? You'd hardly argue that he should need to light on fire $100mm/year for the privilege of working at the new startup, in order to make his compensation somehow the same as the other employees.