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This really isn't crazy compensation given the role and the industry. There are many execs making orders of magnitude more [0]. I know there is a bit of sticker
by jameskraus 6y ago
This really isn't crazy compensation given the role and the industry. There are many execs making orders of magnitude more [0]. I know there is a bit of sticker-shock for people who haven't heard about top-level compensation, but it's not unheard of, just usually unspoken.
https://usanewssite.com/news/the-unconventional-ceo-of-33-3-billion-snowflake-which-just-listed-the-largest-software-ipo-in-history-is-already-paid-more-than-the-heads-of-oracle-microsoft-and-salesforce-it/ https://usanewssite.com/news/the-unconventional-ceo-of-33-3-...
- lightgreen 6y agoIt is crazy that the compensation is not tied to metrics. If Firefox at least kept the market share, that would be OK.
- jameskraus 6y agoThe source doesn't say this isn't tied to metrics. The base salary is only $450k per year [0]. All the rest of the comp is paid out in other ways. I would wager that there are significant compensation thresholds that are tied to metrics (but we, as outsiders, couldn't know what they are or if they are being hit). [0] https://projects.propublica.org/nonprofits/organizations/200097189/201823199349308932/full https://projects.propublica.org/nonprofits/organizations/200...
- luckylion 6y ago> There are many execs making orders of magnitude more For that kind of negative growth? No, of course not. > In its fiscal year ending January 31, 2019, for example, Snowflake had revenue of $96.7 million. A year later that number was $264.7 million, or growth of around 150% at scale.