Comment by boeingUH60
3 years ago
> The tax filings also reveal previously unreported details about one of the most valuable and well-known technology ventures operating today, including the level of investment by Reid Hoffman, free Teslas for early OpenAI engineers and the skyrocketing computing bill that may have prompted it to take a $1 billion investment from Microsoft.
https://techcrunch.com/2023/05/17/elon-musk-used-to-say-he-p...
A ~$100K signing bonus sounds kind of small for someone making $900K per year.
A 100k _signing_ bonus isn't small by any measure whatsoever.
What about CEO pay?
How? It's over 10% of the yearly salary. That seems in-line if not better than most signing bonuses I've seen.
A signing bonus the size of an average software engineer salary here...and I'm in a very wealthy country
Because the PPU equity isn’t worth anything until they’re profitable.