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[-] slazer2au@lemmy.world 39 points 1 year ago

Does that extend to his and the rest of the C suites salaries?

[-] Banda@lemmy.world 21 points 1 year ago

Ryan specifically says

“I’m not getting paid, so I’m either going down with the ship or turning the company around. I much prefer the latter.”

I assume he’s not taking a salary for his role. I highly doubt that extends to the rest of the c suite though.

[-] hyperhopper@lemmy.ml 25 points 1 year ago

But is he getting a hefty stock based compensation package? Can he sell those stocks before he bails?

[-] hackitfast@lemmy.world 18 points 1 year ago

Undoubtedly.

Who thinks he's being the CEO out of the good in his heart?

[-] LastYearsPumpkin@feddit.ch 6 points 1 year ago

Then he's not using those stock sales to help the company, he's using it to enrich himself.

[-] AliasAKA@lemmy.world 13 points 1 year ago

Yes, and he’ll do the old “force austerity to temporarily drive up profit margins for a quarter or two, then once it’s clear the next quarter will be crap, sell all of the stock that was awarded (auspiciously with a very short vesting window, if not just given outright)”

Typical bs, probably worth shorting this stock over the next year or so

[-] sugar_in_your_tea@sh.itjust.works -5 points 1 year ago
[-] n3m37h@sh.itjust.works 4 points 1 year ago

Can you go to the moon instead?

Nah, GME is there. Screw em.

[-] snooggums@kbin.social 10 points 1 year ago

Yes, and that is the same thing as being paid even if the CEO pretends that it isn't.

[-] ryannathans@aussie.zone 17 points 1 year ago* (last edited 1 year ago)

He has 0 salary, he isn't getting paid for any of this. Hence the end of the letter. You obviously didn't even read it.

I expect everyone to roll up their sleeves and work hard. I’m not getting paid, so I’m either going down with the ship or turning the company around. I much prefer the latter.

[-] yata@sh.itjust.works 17 points 1 year ago

Billionaires can afford to not get paid. Billionaires expecting normal people to get paid less is the pinnacle of arrogance.

[-] woelkchen@lemmy.world 13 points 1 year ago

Playing with other people's livelihoods is the hobby of so many rich people.

[-] prole@sh.itjust.works 0 points 1 year ago

he isn't getting paid for any of this

Ah yes, billionaires making business decisions out of the kindness of their heart. Super likely.

These people don't make the bulk of their wealth through a paycheck.

[-] ryannathans@aussie.zone 1 points 1 year ago* (last edited 1 year ago)

No shit, he's an activist that bought in and turned the company around when it was being run into the ground by consultants working for short sellers. He owns about 15%

Now compare that to executives with no personal stake in their company, making millions in salary and not giving a fuck about anyone else

[-] Swim@lemmy.ca 0 points 1 year ago

love how the drs your gme was calling this a fake tweet earlier

[-] ryannathans@aussie.zone 11 points 1 year ago

Superstonk mods have been compromised for a long time, silencing discussion of various topics and derailing discourse. Not to mention thousands of bot accounts manipulating what gets seen. The original members have partially moved to other forums and lemmy

this post was submitted on 29 Sep 2023
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