• slazer2au
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    409 months ago

    Does that extend to his and the rest of the C suites salaries?

    • @[email protected]
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      219 months 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.

      • @[email protected]
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        259 months ago

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

          • @[email protected]
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            69 months ago

            Then he’s not using those stock sales to help the company, he’s using it to enrich himself.

        • @[email protected]
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          139 months 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
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          109 months ago

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

    • @[email protected]
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      9 months 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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        179 months 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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        09 months 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.

        • @[email protected]
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          9 months 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

    • @[email protected]
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      119 months ago

      Superstonk mods have been compromised for a long time, silencing discussion of various topics and derailing discourse. Not to mention thousands of bot accounts manipulating what gets seen. The original members have partially moved to other forums and lemmy