Numbers like this are always bonkers to me. Like, how have we allowed this to happen?
It’s a fucking social media site. I know surgeons who work 80-100 hour weeks and make 1.5M a year—and even that seems obscene to me. But they’re academic subspecialty surgeons who are quite literally saving lives daily by personally performing heart transplants. How the fuck do we think as a society that a smug ass CEO’s “effort” is worth 200x that?
Most people are too invested and emotionally attached (not saying it is a bad thing) to rise up and do some actual damage, because they’d be throwing their lives out, so not really gaining anything in the end. We need some good ol revolution.
Serious: Dale Earnhardt is/was a cultural hero for rural conservatives, as he was one of the greatest NASCAR drivers of all time, so it’s been fun for Lemmy meme artists to use his likeness for aggressively left-wing memes. It’s a little bit “Ha ha funny NASCAR man makes memes about communism” and a little bit “conservatives will believe anything delivered to them in meme form so let’s capitalize on that”.
I don’t disagree with the sentiment here, the world is fucked and unchecked crony capitalism is the problem. The rich get richer and the rest of us barely get by. Also fuck Huffman for ruining the only social media platform I’d used consistently for over a decade.
That said, Huffman’s salary is not even close to the number reported here. He makes something like $350k in a year (still a wildly high salary, no one person needs to make that much in a single year!), this “compensation” is closely tied to his equity in Reddit and it’s predicted value when the company goes public.
Most CEOs are compensated in this way and I think it’s not exactly a bad way to do it (partially for employees but mostly for investors). This value is tied to performance, so if the CEO does stupid shit and ruins the company, it directly affects his compensation. This can be a good thing if that CEO makes good business decisions, which can lead to more jobs and more stability for the workers. I realize this is not always the case, but that’s the general idea.
It still sucks, and I still think no individual should make more money than is needed to live comfortably, but it’s not like he’s raking in 193 million every year like it seems from this tweet.
350k a year sounds about right for an experienced software engineer at a large tech-related company. That being said I don’t think Huffman, as a CEO, even actually does any engineering…
It is not wrong to call Israel an Apartheid-state - because it is - but I always have to stop myself from reminding people who do that the Apartheid-regime would never have been able to get away with the kind of shit Israel pulls on a daily basis.
Just one photo like this could have sunk the Apartheid-regime in about a week’s time - Israelis post shit like this on twitter every two minutes… and yet (so-called) “western civilization” is perfectly fine with this.
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