Watch as he burns through it in one:-).
Also, bold of us to assume that he has not already spent it:-P.
Comment on Reddit wants to raise $748M with IPO, sets value at $6.4B
SpaceNoodle@lemmy.world 10 months ago
So only three years of Steve Huffman’s salary?
OpenStars@startrek.website 10 months ago
GissaMittJobb@lemmy.ml 10 months ago
It’s in the form of stock options, which won’t be worth any particularly noteworthy amount unless the IPO goes really well.
SpaceNoodle@lemmy.world 10 months ago
If it has a dollar valuation, if it’s taxable, it can be liquidated.
GissaMittJobb@lemmy.ml 10 months ago
Are you talking about writing them off?
Options come with the obligation to pay for the underlying asset, so unless they are valued above the strike price, they are effectively worse than worthless.
SpaceNoodle@lemmy.world 10 months ago
Is it just options specifically, or grants, or …?
Would the reported compensation be at the strike price, or the current valuation, or the difference?
WildPalmTree@lemmy.world 10 months ago
Options can come with or without the obligation to buy the underlying asset. I’d assume they will never be worth less than worthless.
ininewcrow@lemmy.ca 10 months ago
Great marketing for an IPO … we need enough money to equal three times what our CEO gets