4 ms·
Found this. 2nd comment from http://www.businessinsider.com/bizarre-groupon-ceo-andrew-masons-salary-is-just-75672-2012-5 http://www.businessinsider.com/bizarr
by genkaos 14y ago
Found this.
2nd comment from http://www.businessinsider.com/bizarre-groupon-ceo-andrew-masons-salary-is-just-75672-2012-5 http://www.businessinsider.com/bizarre-groupon-ceo-andrew-ma...
It does seem like there's some reason. I wonder if its a tax convenience thing. It says he got $7186 in other comp and the footnote that includes the cost of parking, etc... But that's non-cash so if he only made $1, they wouldn't actually have enough in his paycheck each month to cover the taxes that need to be withheld (social security, etc...) so he's have to go to the trouble of writing a check each month. It's a good gesture as is; no reason to make it logistically inconvenient on him and the payroll staff. My guess is if you put this all in an accounting system, someone who makes $757 in cash and $7186 in non-cash income in Chicago IL has to withhold $756 in various taxes on their W-2.