We live under corporate feudalism

  • PugJesus@kbin.social
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    8 months ago

    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?

    • HarriPotero@lemmy.world
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      8 months ago

      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.