Peter Thiel: Startup CEO Salaries Shouldn’t Be Above $150,000
1–10 of 67 posts
Re: Peter Thiel: Startup CEO Salaries Shouldn’t Be Above $150,000
#2You can put any sort of artificial limit on CEO salaries. The only thing you'll never be able to touch is their true source of wealth, which is stock.
Re: Peter Thiel: Startup CEO Salaries Shouldn’t Be Above $150,000
#3You can put any sort of artificial limit on CEO salaries. The only thing you'll never be able to touch is their true source of wealth, which is stock.
That's the whole point though. You want the CEO to be able to live comfortably, but you want her hungry to grow the company. Having the bulk of her assets in stock, which is worthless until the company is a success, aligns the interests of the CEO with the Investors. Startup CEOs are more savvy than ever about retaining equity. It should be clear that their path to wealth goes through building a successful company, not just waiting it out until they've used up their runway.
Re: Peter Thiel: Startup CEO Salaries Shouldn’t Be Above $150,000
#4I don't understand the example of Reid Hoffman taking a $15k salary as CEO of LinkedIn. IIRC, Reid was pretty well off from from being a very early PayPal employee and board member. When you have $X million in the bank (X >> 1), do you even care if you make $15k or $100k or $250k per year?
Re: Peter Thiel: Startup CEO Salaries Shouldn’t Be Above $150,000
#5"...Thiel believes that a CEO should not be paying themselves more than $150,000, even after a Series A investment. Anything above that shows a lack of motivation to the company and to the future success of the company."
Anything above? Really?
This assumes a few things. First that the cost of living is the same for any CEO. A CEO at a startup in NYC or SV has considerably higher cost of living than a CEO located in many other places.
Second, what if the CEO of the startup is older, has 9 children and expenses?
Coming up with an absolute number like "$150k" or whatever doesn't take into account a particular persons circumstances and seems to be biased toward unmarried people or people without children with no other obligations.
Re: Peter Thiel: Startup CEO Salaries Shouldn’t Be Above $150,000
#6I'd contend CEO salaries shouldn't be much above that. If you limit compensation, it may be hard to hire people like Leo Apotheker, Carly Fiorina, Stephen Elop or the RIM guys. OTOH, there are people who can do the job as well as, if not better, than them for a fraction of their cost to the companies they run.
Re: Peter Thiel: Startup CEO Salaries Shouldn’t Be Above $150,000
#7Actually the 1$ salary is a well known tax dodge - its a aggressive way of avoiding income tax - everyone will have there own take on what this says about them as an individual.
Re: Peter Thiel: Startup CEO Salaries Shouldn’t Be Above $150,000
#8"...Thiel believes that a CEO should not be paying themselves more than $150,000, even after a Series A investment. Anything above that shows a lack of motivation to the company and to the future success of the company." Anything above? Really? This assumes a few things. First that the cost of living is the same for any CEO. A CEO at a startup in NYC or SV has considerably higher cost of living than a CEO located in…
Most people with kids and mortgages get by on less than 150k. If you really can't make ends meet on 150k you've overextended yourself.
Re: Peter Thiel: Startup CEO Salaries Shouldn’t Be Above $150,000
#9"...Thiel believes that a CEO should not be paying themselves more than $150,000, even after a Series A investment. Anything above that shows a lack of motivation to the company and to the future success of the company." Anything above? Really? This assumes a few things. First that the cost of living is the same for any CEO. A CEO at a startup in NYC or SV has considerably higher cost of living than a CEO located in…
if you've 9 childrens you're simply irresponsible.
LOOK I NEED THE MONEY I MADE 2 MANY KIDS!
Seriously?
$150K is way more than most people get - and they've a life too. And they don't get the millions in stock either.
Re: Peter Thiel: Startup CEO Salaries Shouldn’t Be Above $150,000
#10"...Thiel believes that a CEO should not be paying themselves more than $150,000, even after a Series A investment. Anything above that shows a lack of motivation to the company and to the future success of the company." Anything above? Really? This assumes a few things. First that the cost of living is the same for any CEO. A CEO at a startup in NYC or SV has considerably higher cost of living than a CEO located in…
I would rather have the CEO of a company worried about hyper growth than clipping coupons. $150k is probably enough for someone in their 20s with no kids, but there is no reason why they shouldn't make a little more if they have kids etc.
Even in expensive cities, NYC, SF, giving more than $150k is probably not necessarily.