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.
Comment on The salaries of Wikimedia executives are sparking an online debate about tech sector wages
QuadratureSurfer@lemmy.world 11 months agoIt’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.
TWeaK@lemm.ee 11 months ago
nulluser@programming.dev 11 months ago
So?
QuadratureSurfer@lemmy.world 11 months ago
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.
currycourier@lemmy.world 11 months ago
I mean I think capital gains needs to be rolled into income tax too
MotoAsh@lemmy.world 11 months ago
So they are avoiding their appropriate tax burden. The rich are theives. That’s why they’re rich.