Snapchat's ex-GC made $54M in 7 mo of 2017; new GC made $17M
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Date: February 23rd, 2018 11:51 AM Author: Dashing Alpha
According to an SEC filing, he was granted an RSU of 37,447,817, which vested at the time of the IPO. In other words, that was worth nearly $636.6 million. His salary for the year was $98,078, and he had over $1 million in other benefits, so all in all, Spiegel made $638 million in 2017 alone.
That’s a lot of money. But the Snapchat co-founder also started the whole thing.
It isn’t the norm, however. It’s said to be the third-highest CEO payout ever. It’s also just a fraction of Spiegel’s overall net worth, which is estimated to be almost $4 billion.
And he wasn’t the only executive to get a big payday. Chief Strategy Officer Imran Khan netted over $100 million and the company’s new general counsel Michael O’Sullivan earned almost $17 million, for less than half a year’s work. Former general counsel Chris Handman earned over $54 million for the first seven months of last year.
(http://www.autoadmit.com/thread.php?thread_id=3901571&forum_id=2#35469381) |
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