He wasn’t paid that amount. He got 341,000 in cash and the rest was in stocks and options (which will only be worth that much if the company performs well financially).
This us place is just like Reddit, nobody ever reads the article.
Still not how that works, if he wants cash he has to sell, selling stocks is heavily taxed. Now he can take a loan against the stocks but if they don’t do well then he’s not going to get much for them. It’s a risk and taxes is paid like it or not.
Still a shit system, but that’s a different discussion, but they pay taxes.
He wasn’t paid that amount. He got 341,000 in cash and the rest was in stocks and options (which will only be worth that much if the company performs well financially). This us place is just like Reddit, nobody ever reads the article.
Unable to delete so editing instead. Leaving Lemmy.world due to privacy concerns.
Still not how that works, if he wants cash he has to sell, selling stocks is heavily taxed. Now he can take a loan against the stocks but if they don’t do well then he’s not going to get much for them. It’s a risk and taxes is paid like it or not.
Still a shit system, but that’s a different discussion, but they pay taxes.
Unable to delete so editing instead. Leaving Lemmy.world due to privacy concerns.
If they sell after holding it for more than a year, if they short term sell the stock under a year it’s a normal income tax on said stock.
Unable to delete so editing instead. Leaving Lemmy.world due to privacy concerns.