“Public filings also showed that Huffman and Reddit’s chief operating officer, Jennifer Wong, were paid $286 million in 2023, including stock and option awards (the value accrues over several years, and the current cash value is substantially lower).”
Were they actually compensated that amount in cash? Or is this assuming that the stock value actually amounts to something.
Obviously compensated too much, but it looks like the compensation total is being obfuscated for shock value.
He was paid $341,346 in cash. The rest of the compensation is basically monopoly money until they IPO, and even then it depends on the valuation, strike price, etc. Very much a clickbait tactic since most people don’t ever deal with options at a scale like this, or at all.
From the article:
“Public filings also showed that Huffman and Reddit’s chief operating officer, Jennifer Wong, were paid $286 million in 2023, including stock and option awards (the value accrues over several years, and the current cash value is substantially lower).”
Were they actually compensated that amount in cash? Or is this assuming that the stock value actually amounts to something.
Obviously compensated too much, but it looks like the compensation total is being obfuscated for shock value.
He was paid $341,346 in cash. The rest of the compensation is basically monopoly money until they IPO, and even then it depends on the valuation, strike price, etc. Very much a clickbait tactic since most people don’t ever deal with options at a scale like this, or at all.
Source
Let’s just agree on one thing here… fuck that snot bag spez…