I mean he could pay himself $1 a year and still be making a killing in dividends since he still owns over 40% of the company.
I mean he could pay himself $1 a year and still be making a killing in dividends since he still owns over 40% of the company.
SocialMediaRefugee@lemmy.world 3 days ago
Yes, when I say pay I mean total compensation. Those people take cheap loans out against their equity.
boonhet@sopuli.xyz 3 days ago
That part wouldn’t be part of his total compensation because it’s not actually income.
But I’m fairly sure he gets dividends. Because there are other shareholders and they wanna get paid too. Much lower tax rate than when making the same amount in salary.
SocialMediaRefugee@lemmy.world 3 days ago
I worked on calculating the total compensation packages for a major investment firm. We’re talking VERY large. They got most of their income in “internal shares” with long term incentive delays on them like 3 years.
boonhet@sopuli.xyz 3 days ago
That makes sense in many contexts, but not really if you’re the largest shareholder in a privately-held company. Which is why I’m fairly sure most of his income is dividends. Does he use the loan trick to live a fancier lifestyle? Perhaps, but we’ll probably never be privy to the information.