Article probably wrote by Ben Shapiro’S Pencil Guy relative.
Some tech founders are getting huge pay packages
21–30 of 89 posts
Re: Some tech founders are getting huge pay packages
#22Earlier quoted context omitted.
> How are these stock awards different to owning the company? You're already expecting way too much intelligence from a journalist.
this is the wsj? they're going to get information about company stock and executive compensation right.
That’s also a huge bias
They want to peddle headlines of people doing well playing the speculative economics game
Their article is simply to make it look attractive to keep playing, because of course their owners control a lot of the speculative economy
But please keep going everyone; all the tech stocks I have been buying since Apple at 6-10/share in the late 90s aren’t going to prop themselves up
Why work when you’ll do it for me!
Re: Some tech founders are getting huge pay packages
#23So… Tech founders are now following the Facebook model: non-voting shares, enriching themselves, keeping most of the power Everyone is done pretending to be the “good founder,” that ship seems to have sailed
Lying about the fact that you are making a startup to become rich is not the definition of a “good founder”.
Re: Some tech founders are getting huge pay packages
#24As everyone else mentioned here, this article refers to full packages. With that said, there is no need to be a founder to get a huge chunk of $$$ - the first employees tend to do very well.
The path to success is finding these founders and company that will move the needle.
Re: Some tech founders are getting huge pay packages
#25As everyone else mentioned here, this article refers to full packages. With that said, there is no need to be a founder to get a huge chunk of $$$ - the first employees tend to do very well. The path to success is finding these founders and company that will move the needle.
Well said. Not everyone is meant to be a founder and that's ok.
Re: Some tech founders are getting huge pay packages
#26As everyone else mentioned here, this article refers to full packages. With that said, there is no need to be a founder to get a huge chunk of $$$ - the first employees tend to do very well. The path to success is finding these founders and company that will move the needle.
Don’t you have to be very early to actually make more than a similar faang job
Re: Some tech founders are getting huge pay packages
#27Earlier quoted context omitted.
The less power controlled by the investor class, the better.
> less power controlled by the investor class, the better Define "better." Because it apparently doesn't include reducing carbon emissions [1] or increasing returns [2]. Nor, for that matter, creating and supporting the forum you're on. [1] https://www.msn.com/en-US/news/topstocks/chevron-plans-big-l... [2] https://corpgov.law.harvard.edu/2016/12/23/a-successful-case...
Activist investors are a small subset of all investors. Most investors are just out there to ride the business cycle to the top.
Picking and choosing examples that do not generalize to most investors does not refute his point.
Re: Some tech founders are getting huge pay packages
#28Earlier quoted context omitted.
The less power controlled by the investor class, the better.
> less power controlled by the investor class, the better Define "better." Because it apparently doesn't include reducing carbon emissions [1] or increasing returns [2]. Nor, for that matter, creating and supporting the forum you're on. [1] https://www.msn.com/en-US/news/topstocks/chevron-plans-big-l... [2] https://corpgov.law.harvard.edu/2016/12/23/a-successful-case...
Probably better for employees. Canadian Pacific was a well governed, profitable company when Bill Ackerman raided the company and laid off 4500 unionized workers to goose the share price. I would be furious if a sociopathic activist investor did this to my company.
Re: Some tech founders are getting huge pay packages
#29As everyone else mentioned here, this article refers to full packages. With that said, there is no need to be a founder to get a huge chunk of $$$ - the first employees tend to do very well. The path to success is finding these founders and company that will move the needle.
Don’t you have to be very early to actually make more than a similar faang job
Depends on the scale of the outcome and whether you are growing in responsibility/impact as the business grows. If you want to make $1+M on a $50M outcome you better be early and hope management doesn’t raise too much money. If you want to make $1+M on a $5B outcome, you want to be a top 200 employee, which is certainly easier if you are early, but is possible if you come later and make a big contribution.
Re: Some tech founders are getting huge pay packages
#30The article seems to speak of stock awards and not salary, despite what the title says. "Today’s Tech Founders Don’t Just Own the Company. They’re Also Getting Huge Pay Packages." How are these stock awards different to owning the company? If anything, those stock awards sound less attractive as they should be options at a very high valuation? In effect, isn't this the same as later VCs reallocating the cap table in…
> The article seems to speak of stock awards and not salary, despite what the title says. Doesn't the title say 'pay package'? Stock awards are part of your pay package. Where did you read 'salary'?
The way it's phrased, it sounded like something that is the opposite of owning the company, which implies salary. You are right that it didn't specifically say salary.