5 ms·

CEO total comp of $193m in 2023 is...quite something

• DeRock 3y ago
  For a company that produced negative income, absolutely absurd. Why do investors put up with this? Is there truly no oversight? There is no way he provides value close to his compensation.
  • xuancanh 3y ago
    He is the co-founder, and he kept the company moving after a huge backlash against the previous CEO. He made some controversial (and bold) decisions like increasing the API price to block out third-party apps, but it seems to work? So yes, he somewhat deserves that compensation.
    • treme 3y ago
      'bold' as in it was the obvious play after GPTs made reddit conversation archive an easy thing to profit off and protect
    • andrewinardeer 3y ago
      $193 million is absurd remuneration no matter how glorious Dear Leader is.
    • oliwarner 3y ago
      They could have paid me $10m, given everyone a $50k bonus for the crap, and been profitable. CEO remuneration is out of control when somebody can perform such a beige list of acts and be treated like the Messiah. Mozilla is in the same boat. Such poor value for money.
      • toomuchtodo 3y ago
        At least when they’re public someone can buy a few shares to get standing and file a securities civil suit to attempt to rein it in.
    • dbg31415 3y ago
      Horrible decisions to kill 3rd party apps instead of buying them and having Apollo dev redesign the junky Reddit app.
  • consumer451 3y ago
    It is ridiculous, but devil's advocate: let's say the board told you that you needed to make very unpopular decisions and will be hated by millions of people for the favor. How much would you ask for?