• Banda@lemmy.world
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      1 year ago

      Ryan specifically says

      “I’m not getting paid, so I’m either going down with the ship or turning the company around. I much prefer the latter.”

      I assume he’s not taking a salary for his role. I highly doubt that extends to the rest of the c suite though.

      • hyperhopper@lemmy.ml
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        1 year ago

        But is he getting a hefty stock based compensation package? Can he sell those stocks before he bails?

        • AliasAKA@lemmy.world
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          1 year ago

          Yes, and he’ll do the old “force austerity to temporarily drive up profit margins for a quarter or two, then once it’s clear the next quarter will be crap, sell all of the stock that was awarded (auspiciously with a very short vesting window, if not just given outright)”

          Typical bs, probably worth shorting this stock over the next year or so

        • snooggums@kbin.social
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          1 year ago

          Yes, and that is the same thing as being paid even if the CEO pretends that it isn’t.

    • ryannathans@aussie.zone
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      1 year ago

      He has 0 salary, he isn’t getting paid for any of this. Hence the end of the letter. You obviously didn’t even read it.

      I expect everyone to roll up their sleeves and work hard. I’m not getting paid, so I’m either going down with the ship or turning the company around. I much prefer the latter.

      • yata
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        1 year ago

        Billionaires can afford to not get paid. Billionaires expecting normal people to get paid less is the pinnacle of arrogance.

      • prole
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        1 year ago

        he isn’t getting paid for any of this

        Ah yes, billionaires making business decisions out of the kindness of their heart. Super likely.

        These people don’t make the bulk of their wealth through a paycheck.

        • ryannathans@aussie.zone
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          1 year ago

          No shit, he’s an activist that bought in and turned the company around when it was being run into the ground by consultants working for short sellers. He owns about 15%

          Now compare that to executives with no personal stake in their company, making millions in salary and not giving a fuck about anyone else