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3 months agoAwarded themselves shitloads of stock, then sold a quarter of their shares each as soon as humanly possible. That money is not being invested in the company, it’s going straight in these individual’s pockets.
Awarded themselves shitloads of stock, then sold a quarter of their shares each as soon as humanly possible. That money is not being invested in the company, it’s going straight in these individual’s pockets.
Share prices don’t only fall if the company liquidated stock. They will also fall from something like a mass sell-off because lower and lower prices will be commanded to sell large volumes of stock.
You know, like the one in the article that talks about the 25% drop in share value.
Won’t somebody think of the poor shareholders.
When I treat myself, it’s to a takeaway meal that’s like $20. Reddit has “never made a profit”™. Siphoning $16mil out of it on day one is obscene.
Fair enough, you didn’t say you condone it. But your comment does read with much more support than I would offer. And asking me which charities I’d donate to… ha! I don’t see why that’s relevant. Maybe I would do the same, but I don’t already have an $800,000/yr base salary.
More relevant: this windfall would be 250yrs income for me. And on that income I already do donate to charity (albeit probably about 2% of my earnings). If this chump followed my percentage they would be donating 6 whole years worth of my salary on this windfall (plus 1/3 of my salary per year).
The point is “treating yoself” to $12mil after tax is absolutely obscene whatever way you look at it. Not to mention still sitting on 3x more than that.