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Aaron is the CEO and his Salary is only about $155K, seems too less as compared to other executives. I know that their majority of the compensation comes in the
by suyash 13y ago
Aaron is the CEO and his Salary is only about $155K, seems too less as compared to other executives. I know that their majority of the compensation comes in the form of Stock but can anyone explain why and how it works for executives?
- jdavis703 13y agoAs a startup CEO your salary is there to provide for your "essentials," such as housing, food, etc. It is not designed as an income that you can get rich off of. That ways your personal success is tied to the success of the company, which incentivizes you to have the investors best interests in mind.
- valleyer 13y agoEither that's some damn good food and shelter, or there's a heck of a lot of "etc.".
- freyr 13y agoIt's typically discouraged for startup founders to pay themselves very high salaries. Box isn't a startup any more, but compensation of $189k (not $155k, notice the cash bonus) doesn't seem bad for a young company losing over $100M per year. As others have said, he may have cashed out options along the way as well. Keep in mind, he was paid ~$2M in stock options in 2013, and owns 4% of shares overall. The IPO will make the other executives/shareholders very wealthy. Box likely had this IPO in its sights for a while, so that probably made it easier to take home "just" $189k.