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Wow, out of a total revenue of $281 million $193 million goes to a single person? Holy shit. What a selfish asshole you have to be to disregard all of your employees and take such a huge cut for yourself.
Spez is the unnecessary overhead that creates extra work for the workers
Nah, that's mostly stock options, so it doesn't come out of the revenue. His cash salary was only a couple hundred thousand.
It's probably better from a tax point of view. Plus he's planning to cash out big on his own IPO, so he prefers the stock.
You should look up the absurd pay structure of Musk at Tesla or how at Facebook, despite it being a publicly traded company, Zuckerberg literally cannot be fired.
The reason tech tends to chase stupid trends like AI is that there really aren't that many people in charge of the whole place. They all know each other; they're all buddies. And they all chase the same stupid fads together.
It's actually insane. I'm not built for corporate jobs but goddamn I have no idea how anyone would want to work for such a company.
It's a sign. Spez will now milk the company and make himself billionaires for the next few years, then sell the company for tens of billions, and new owner will run it into the ground, milking whatever left of it. Then it will become the blandest, soulless socmed.
Sounds like a job for Elon Musk.
Please let this happen.
No one can ruin a company quite like him.
Or sell it to Trump Media Group.
TBH that would ddos lemmy with new users, lol.
lots of lemmy servers :)
Basically paid that twat 200 mil to kill the site.
Imagine if they put 100 of that into developers and infrastructure and shit.