4 ms·
I took the comment about bosses not taking home a paycheck to be referring to a startup scenario where funding is tight and so the founders don't take home a sa
by tensor 15y ago
I took the comment about bosses not taking home a paycheck to be referring to a startup scenario where funding is tight and so the founders don't take home a salary while the first few employees do.
In that situation it's not at all uncommon to trade some wage for equity, but there are not many cases that I've heard of, outside of the founders themselves, that are so extreme that people literally take home only equity.
If the discussion is talking about big well established companies, then the situation is very different. I can't imagine many managers not taking home a salary and definitely agree that inequity is generally a big problem as is the expectation of common place unpaid overtime.
- joezydeco 15y agoIt's about the startup scenario, because I'm living it. I'm an early hire and took a pay cut in return for a tiny amount of equity. CEO is in fully and is taking home a very small salary. So every request for a raise is augmented with "well, I'm not making as much as you are". You can only hear that so many times before the resumes go out.