this post was submitted on 16 Jun 2023
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Reddit Migration
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Why go through all that effort when you can just replace one CEO?
I doubt that it is just the CEO. With an IPO coming up, all the stakeholders and the board and the senior leadership are poised to make a shit ton of money. This whole thing is designed to make the company more attractive to investors so they are all on board.
Make a ton of money, or depending on how things go, lose a ton of money.
Pretty sure spez is making a ton of money at this point. He's been working on Reddit for like 15 years and ,while I'm sure he's managed to earn a nice paycheck for some of those years, he's finally in reach of a big payout
I expect he will (because I'd do the same) sell his shares ASAP and disappear from public life
Executive compensation is often largely in company stock. There's your incentive to stick around and fuck everyone in their peeholes for ~~increased shareholder value~~ your own personal benefit.
So, in other words, CEOs are just third-party sounding enthusiasts. I think I’ll refer to them that way from now on.
CEO stands for Cock Excavation Operator.