Quote:
Originally Posted by syndr0me
Ya, a friend of mine who works as a director at a household name public Co said his company announced 50% paycuts for top execs and 25% paycuts for the board
So the hyper rich people making likely well into the 6 figures of company money to work all of 1 day a quarter, mostly as a formality, are taking a whopping 25% paycut? Better to just not mention it.
Im guessing Tesla board doesn't take any cut
for what it's worth, 6 figures is not hyper rich and many companies require board members to personally invest in the company as a sign of commitment so if you join a company as a board member and that stock falls, you likely just lost more money than they have been compensating you for your expertise/connections
not saying you're wrong, just that you're grossly exaggerating