COO is slightly different, if that is in fact his role. at $20B mkt cap, $60MM is like a 0.03% stake in the company. Basically a rounding error. In the last 10

COO is slightly different, if that is in fact his role. at $20B mkt cap, $60MM is like a 0.03% stake in the company. Basically a rounding error. In the last 10 years, people learned that value destruction is the same as creation, when it comes to leverage in these scenarios. If you don't pay them $XYZ, they will destroy value or sit idly by as entropy does it for them. The mathematical equivalence of marginal productivity (what they teach in school) and marginal malevolence (street smarts) is elegant in its simplicity. That's how the game is played. One of the downsides of "maximizing shareholder value" as your guiding principle.[1] With that in mind, look at a comp for COO pay: Exec Comp Consuultant > American businesswoman and the Chief Operating Officer of Facebook, Sheryl Sandberg, has an estimated net worth of $1.6 billion Not justifying it, just pointing out the facts. ______ [1] A Mature company is completely different dynamic than a (0,1) innovation scenario/startup, IMHO. And there are more and less sophisticated ways to understand even "Maximizing X value" at the Board Level, stage agnostic.