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He owns 22% of the company already.

• olliej 4y ago
  It’s not how much he owns, it’s that executive comp is often heavily weighted to equity not salary: dropping your salary by 98% only matters if that salary represents a significant amount of your actual income.
  • whimsicalism 4y ago
    You all are talking past each other. If he owns 22%, most of his "comp" will just come from the company being valued higher.
  • chippiewill 4y ago
    With the proportion of the business he owns the majority of his comp will be in growing the stock price. He'll be taking a massive hit without the salary decrease from market conditions.
    • maerF0x0 4y ago
      Likely earning ~50% less in the past year due to stock valuation decline. Possibly much less from underwater options.
  • esoterica 4y ago
    You’re missing the point entirely; if you’re a founder CEO who owns a large chunk of the company, then your existing ownership dwarfs all of your salary, bonus, and equity compensation. You get “paid” in share price increases, not cash or stock. Surrendering any part of your compensation is just a gimmick.