Public filings also showed that Huffman and Reddit’s chief operating officer, Jennifer Wong, were paid $286 million in 2023, including stock and option awards (the value accrues over several years, and the current cash value is substantially lower).
Over a FOURTH of the company’s yearly revenue is going to TWO people?
The article states that part of the compensation was stock and stock options. Likely incentive programs from previous years that finally paid off.
edit: looks like spez got 600k salary, and the rest of the compensation is solely based on the stock’s performance… and he can’t cash that out unless someone is willing to buy all that reddit stock.
Over a FOURTH of the company’s yearly revenue is going to TWO people?
Well, it’s not like anyone here ever gave them free labor, right?
The article states that part of the compensation was stock and stock options. Likely incentive programs from previous years that finally paid off.
edit: looks like spez got 600k salary, and the rest of the compensation is solely based on the stock’s performance… and he can’t cash that out unless someone is willing to buy all that reddit stock.
I have no doubt some really dumb bag holders are willing to hold more bags.
Well he has been grooming them on reddit for something… it will be a blood bath
What are they supposed to spend it on? Developing and implementing features that users and moderators actually want?