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catculation@lemmy.zip to Technology@lemmy.worldEnglish · 1 year ago

Reddit CEO Defends His Absurdly High Pay While Not Paying Mods

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Reddit CEO Defends His Absurdly High Pay While Not Paying Mods

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catculation@lemmy.zip to Technology@lemmy.worldEnglish · 1 year ago
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Reddit founder and CEO Steve Huffman gifted himself a stunning $193 million compensation package — while mods get nothing.
  • Stern@lemmy.world
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    1 year ago

    Tim Cook makes 1/3 of that and Apple is worth about 2-300 times what reddit is.

    https://appleworld.today/ceo-tim-cook-takes-a-pay-cut-in-apples-latest-fiscal-year/

    https://www.reuters.com/technology/global-markets-apple-2023-07-03/

    • theonyltruemupf@feddit.de
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      1 year ago

      Millions of dollars of pay are always absurd but this really puts it into perspective

      • BruceTwarzen@kbin.social
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        1 year ago

        I always gear that money vorrupts everyone at some point, and i really wonder if that is true. Like i couldn’t imagine making a few million dollars a year and don’t say fuck it after a year to never be seen again

        • Flying Squid@lemmy.world
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          1 year ago

          Same. I’d take my $30 million or whatever it was after the first year, quit, buy a modest house, put the rest into savings, and live off the interest. And you can live really well off the interest of $30 million.

        • beebarfbadger@lemmy.world
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          1 year ago

          It kinda does feel like spez is just testing how much he can squeeze out of the leftover marks at reddit before leaving the carcass out to dry.

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