Hacker News Reader

I know for a fact that people in the Csuite of medium size companies can easily make 400k/month total comp (specifically if they’re public companies, but private companies have outrageous paychecks also). Not even talking about the CEO, and not even talking about FAANGs and similar companies. Chances are that the leadership team of your company is making an absurd amount of money.

View on HN

Writer named Graef Crystal, who for many years had been a compensation advisor to executives who were negotiating their employment contracts, estimated that each extra dollar the CEO received ended up costing the corporation $32. Extra pay to other C-Suite occupants so they can keep pace with the CEO, more elaborate staffs, more lavish travel.

So it absolutely is not a rounding error.

That’s $5m/y.

Nick Clegg makes not much more for being Facebook’s global punching bag.

Not doubting your sources but why are they so generous?

That one is about employees that were vesting before the company went public, but other outrageous paychecks: because this is how leadership teams are paid, and their contracts often include a year of salary if they leave the company.

Reply on news.ycombinator.com