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$42 million is a pittance for a man at his level. VCs with a tenth of the risk have taken home more money than that over the years from several deals. He has al
by hnews_account_1 4y ago
$42 million is a pittance for a man at his level. VCs with a tenth of the risk have taken home more money than that over the years from several deals. He has also been at the company for a very long time. I’d be enraged at a $42 million exit when I’m a child prodigy who has worked his ass off to finally helm one of the most publicly visibly corporations on the planet.
- ransom1538 4y agoI wonder if he will leave Cali to avoid taxes?
- sgjohnson 4y agoToo late for that.
- ascar 4y agoMost child prodigies and most people that work their ass off don't become millionaires, much less ones that can earn a million a year from interest. Also he did receive compensation for all the years he worked, no?
- hnews_account_1 4y agoWhy are you being intentionally dense? Compensation in the valley comes in the form of stock options more than anything else. This is like saying someone slightly less consequential to google than Jeff dean or Sanjay ghemawat should be happy with $50 million for giving a large portion of their lives to the company. Are you guys smoking something? Most child prodigies don’t even work in corporate America and a lot of them don’t care for wealth. They’d rather go into theoretical physics or pure math.
- geodel 4y agoHuh, it's just a job even at position of CEO. To think he has taken risk while doing his well paid job is freaking hilarious. He did not build the company,nor is he some A level tech celebrity. So 42 million is BIG FUCKING DEAL.
- jrvarela56 4y agoYeah I was like, wtf is GP talking about this guy is an employee who climbed from SEng to 42m exit in a decade. At no point was he even remotely close to missing a credit card payment; what a sweet deal he's set for life now.
- hnews_account_1 4y agoWhere are you pulling “he did not build the company” from? Anyone below the executive class is riskless and contributed nothing to the company?
- broodbucket 4y agoNo human being needs $42 million for anything, let alone more. I'm sure he'll be fine.
- strken 4y agoYou need more than that if you want to set up a steelworks or a silicon fab. I understand that you probably mean no human being needs $42 million in pocket money to spend on gigantic houses and medium-sized yachts, but c'mon.
- rayiner 4y agoYeah but he’s no Musk.
- eastbound 4y agoThe initial ideal of capitalism is, the people who make good decisions capitalize more “decision power” (=money) because it will be good for the future economy to concentrate power in their hands. Those who hold power are the best ones. It’s just a fun theoretical thought exercise, in which there’s no limit to how much one would accumulate, if their decision making is good to the infinite. He didn’t tank Twitter into the ground, therefore he deserves a good share. In practice, they use this money for themselves instead of reinvesting it into other endeavours.
- hnews_account_1 4y agoOh I didn’t know the antiwork idiots from Reddit had found their way here. That’s my bad. I should’ve realized.