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Worth noting that the executive get paid at least a comfortable base salary for as long as the cash-burning business keeps its doors open, and if hype creates a
by mrfredward 5y ago
Worth noting that the executive get paid at least a comfortable base salary for as long as the cash-burning business keeps its doors open, and if hype creates a pop in the equity price their stock options can be worth a lot, even if the business doesn't turn out.
Regardless of whether MoviePass really had a chance at being profitable, or whether the people running it believed it could be profitable, there was money to be made in making it look viable and getting investors. That's a pretty important point that the author needs to understand before calling the execs "clueless."
- ggggtez 5y agoWorse than that, there are rumors that he is relaunching a new company using the infamy he earned from crashing MoviePass into the ground. https://www.mediaplaynews.com/moviepass-founder-seeks-to-create-a-virtual-hollywood-with-new-media-company/ https://www.mediaplaynews.com/moviepass-founder-seeks-to-cre...