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> You can pay yourself a “market salary” of $500,000/yr+. You can use the money as a piggy bank for flights, hotels, Uber Black, and other travel expenses. Thi
by mrintellectual 5y ago
> You can pay yourself a “market salary” of $500,000/yr+. You can use the money as a piggy bank for flights, hotels, Uber Black, and other travel expenses.
This is just downright false. The founders alone do not decide C-suite compensation - that's reserved for the board of directors (which should be a combination of one or more founders plus other individuals selected by the investors). Travel expenses and other "piggy bank spending" would also have to be reported in quarterly or yearly financial reports to the shareholders.
If what this article says is true, the investors deserve just as much blame as the founder.