“And for their new employment contracts, Spiegel and Murphy will receive an annual salary of $1 and no equity compensation.” https://www.cnbc.com/2022/07/21/snap-earnings-q2-2022.html TC $1
Snap is getting killed by the ios privacy changes. I don't think they can survive getting squeezed by TikTok on one end and Apple on the other.
Why is tictoc not being squeezed by the privacy changes?
Because of China
Obviously it is a lie
So you’re accusing them of committing fraud?
nothing similar to coinbase's PM case
Why would they even stay?
I think most CEO get paid option and stock. Actual income is mostly irreverent and symbolic. Elon's w2 wage from Tesla is like minimum wage. But has option worth billion
I bet Evan’s AMEX Centurion corporate card doesn’t fall under this, same with the corporate jet.
Evan and the execs don’t care because they all sold a FUCK ton of stock at the literal top last year
Yup. And they probably still have hundreds of millions in stock
Yup. $25M/year comp is literally nothing when they already both own billions worth of the company. Zuck did this
Evan Spiegel stock sales in 2021/2022:
What the hell is that dude buying wiht that much money? That’s literally like $400 million he sold wtf
For those who know how communist party works, the $1 salary sounds like the party leaders swear that all they want(ed) is serving the people.
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BREAKING: Internal sources confirm another round of layoffs just hit emails at Tesla. For real.
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What happens when most of your team is Indian?
Chad shit
simp shit, if dude was a chad he wouldn’t have to take a pay cut and have his employees take one either. his wife even cheats on him by using insta
Lmao. Might want to check his sales from this year and last.. He sold a bunch at the top 😂