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bill_gates_lover t1_j9l8v0k wrote

Reply to comment by MissAugustMoon in [OC] Zoom CEO Eric Yuan will be taking a 98% pay cut and forego his bonus for FY2023 by giteam

Which part of my comment did you not understand?

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MissAugustMoon t1_j9l9s1h wrote

It was just how ceo pay after 1mil… it just doesn’t read well. I worked it out after reading a few more times. A CEO’s pay…/After 1 mil a CEO’s pay is in stock… I genuinely just wanted to understand your sentence. Follow up, is that a Zoom corporate policy or something widely practiced?

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bill_gates_lover t1_j9lb1ce wrote

Most companies pay CEOs in the form of stock options after $1 million in salary. This is due to a law from the 1990s which encouraged companies to reward CEOs that perform well. Since stock value is one metric to see how well a CEO is doing, they are paid in stock, and taxed much less than if they had paid in salary. I googled it and it seems that Yuan's pay in 2021 was around $14 million.

I'm not sure why this graph doesn't show that. Maybe it's Zoom PR.

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