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Can you expand on this? It would be cool to hear the details, especially from a non-US country.

• karim79 5y ago
  I can try. In Germany, as a soul proprietor, one can pay himself as much as is available in terms of revenue, minus taxes and costs of doing business. As a private shared company, which is my case, it's a bit different. The compensation of the CEO (myself) needs to be fair to the shareholders and the founders and somehow scientifically balanced (also in terms of what is perceived to be the "correct" compensation for such a role or endeavour, which includes having to answer to everything, government, customers, employees, all the things basically come together from case history and you get a number which is the "seal" for the role. It's interesting, to say the least. I happen to think it actually works.
  • auggierose 5y ago
    That's why there are so many great startups from Germany.
    • ricardobeat 5y ago
      N26, GetYourGuide, Gorillas, Flink, Grover, Blinkist, Lillium, Zalando, HelloFresh, Delivery Hero, Home24, Trivago, SoundCloud… yeah that’s clearly not working!
      • auggierose 5y ago
        That does not sound very impressive.
  • vincentmarle 5y ago
    There's a similar minimum CEO wage requirement for limited companies in the Netherlands (DGA salaris) but the reason is not so altruistic as you make it seem: the reason is that dividends are taxed lower than income, so they want to make sure you pay enough taxes on regular income first before you can enjoy the benefit of the lower dividend tax.
  • duckmysick 5y ago
    Thanks! It is really interesting especially the criteria for fair compensation. Are you the founder or the majority shareholder too? Would that entitle you to more compensation? > I happen to think it actually works. That's good to hear.