Comment on The salaries of Wikimedia executives are sparking an online debate about tech sector wages
TWeaK@lemm.ee 1 year ago
So they’re making $150-300k per year, with more for severance. That is indeed relatively low compared to major tech companies.
The article’s examples were Docusign (CEO made $85M) and Google (CEO made $225M).
It’s important to note that most of what they “made” is actually just the stock that they already own or the stock options they received.
In general the actual cash that they receive is less than $500k.
Taxes are calculated differently on stock sales vs wages.
So?
The lack of people understanding this is what leads to poorly written laws.
They think that all we need is an income tax to tax the rich more.
So when laws are passed saying that they’ll tax anyone making more than $1mil, people don’t realize that it doesn’t really do a whole lot.
I mean I think capital gains needs to be rolled into income tax too
So they are avoiding their appropriate tax burden. The rich are theives. That’s why they’re rich.
You’re right that their salaries weren’t $500k plus, those numbers included severance. Actual salaries were in the order of $150-300k (with the highest salaries paid to the owners).
Wikimedia doesn’t have stock AFAIK.
Lemminary@lemmy.world 1 year ago
$150-300k makes sense. $225M does not. It’s obscene and absurd.
TonyTonyChopper@mander.xyz 1 year ago
the difference between $225M and 300k is $224.7M
prole@sh.itjust.works 1 year ago
Hell, even low 7-figures could make sense. But Jesus Christ with these hundreds of millions, it’s obscene.