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blah_blah posted:Their income is stock based primarily because their investors would prefer that their 'incentives are aligned' (i.e. keep founders relatively poor so they don't get complacent). There's not an obvious way to save money on taxes that I'm seeing. Capital gains are taxed at 15-20%. Regular income can go up to 40%. That's of course a ridiculous oversimplification but it captures the essence of why so many CEOs have their salaries set to $1.
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Jun 11, 2017 22:45
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enraged_camel posted:Capital gains are taxed at 15-20%. Regular income can go up to 40%. Long term capital gains. So you have to hold onto it for an extra year. The idea is that the execs can't just take cash and run but lol.
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Jun 11, 2017 23:05
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enraged_camel posted:Capital gains are taxed at 15-20%. Regular income can go up to 40%. Sure but RSUs are taxed as ordinary income. When you read about some CEO getting a 100M stock award none of that is taxable at LTCG rates. If it goes up a lot post-vesting then you can claim LTCG rates but you can say that about anything -- it's no different than if you had bought it yourself. Founder+CEOs getting $1 in salary is more symbolic than arbitrage across (effective) tax brackets and relates more strongly to the incentive alignment I mentioned above. Many of those $1/negligible CEOs are not getting further stock grants either (e.g. Bezos, Zuckerberg, Brin/Page etc). blah_blah fucked around with this message at 23:18 on Jun 11, 2017 |
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Jun 11, 2017 23:15
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quote is not edit
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Jun 11, 2017 23:18
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https://twitter.com/startuplqdtr/status/873385484860313600 https://twitter.com/MikeIsaac/status/873958917251911680 Discendo Vox fucked around with this message at 04:02 on Jun 12, 2017 |
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Jun 12, 2017 03:35
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I'm the 200 4:3 monitors
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Jun 12, 2017 04:39
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Why would anyone bulk buy 4:3 monitors? They would be so annoying to work on.
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Jun 12, 2017 11:45
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It's almost like Theranos was a hotbed of terrible ideas!
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Jun 12, 2017 12:05
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Ahem. 4:3 is actually the superior monitor format. Death to widescreens.  (seriously they're pretty great for typing numbers into spreadsheets and not taking up too much space if you just want to control some piece of equipment that needs a display for output graphs and poo poo)
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Jun 12, 2017 12:53
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I CANNOT EJACULATE WITHOUT SEEING NATIVE AMERICANS BRUTALISED!
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hobbesmaster posted:Long term capital gains. So you have to hold onto it for an extra year. The idea is that the execs can't just take cash and run but lol. Randler posted:I assume under US tax codes getting paid in stock does not result in that stock being taxed at the regular income tax rate upon receipt of the stock? The last page or so has been pretty enlightening, for some reason I thought D&D would be more knowledgeable about this kind of thing.
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Jun 12, 2017 13:15
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exploded mummy posted:if you are given stock and tis valued at lower than market rate, then the IRS taxes you on the difference, then you pay taxes on the gains
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Jun 12, 2017 13:18
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Discendo Vox posted:https://twitter.com/startuplqdtr/status/873385484860313600 How long until Startup Liquidator starts selling Uber's office supplies?
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Jun 12, 2017 13:24
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I like how they just post stuff to CL.
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Jun 12, 2017 14:10
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blah_blah posted:I'm the 200 4:3 monitors Seriously, there has to be a good reason anyone would buy 4:3 screens at any point in the last ten years. Medical companies and the government use them for proprietary equipment, but that's it. Sir Tonk fucked around with this message at 14:17 on Jun 12, 2017 |
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Jun 12, 2017 14:13
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Sir Tonk posted:Seriously, there has to be a good reason anyone would buy 4:3 screens at any point in the last ten years. They make for a decent third monitor, so that you can do """work""" while watching netflix on the first and porn on the second monitor ~
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Jun 12, 2017 14:34
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Wouldn't be surprised if some software was hard coded to work on a 4:3 resolution. We have an inventory system that doesn't work on widescreen monitors
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Jun 12, 2017 14:56
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Fried Watermelon posted:Wouldn't be surprised if some software was hard coded to work on a 4:3 resolution. I want to die now, thanks.
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Jun 12, 2017 15:23
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Cicero posted:What? That doesn't matter, RSUs get taxed at ordinary income rates when they vest. Yeah after they vest you could choose to hold onto them and then get gains taxed at LTCG rates...but you could do the exact same thing with salary or bonuses. They get taxed at your ordinary income rate when granted if you file an 83b, rather than at vesting.
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Jun 12, 2017 15:51
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Blut posted:Why would anyone bulk buy 4:3 monitors? They would be so annoying to work on. Theranos started in 2003, and had a lot of staff already by 2005/2006 or so. Of course they're going to have a bunch of crappy 4:3 LCDs in their offices.
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Jun 12, 2017 16:48
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WrenP-Complete posted:I like how they just post stuff to CL. What else would they do with it? It's free infrastructure, they don't have to hire any salespeople to sell them to businesses (who, if they're in the market for used monitors with no warranty, are probably looking at CL anyway), and it keeps their overhead low by not building out a showroom. I see tons of used office furniture from failed businesses go on CL. It's the absolute cheapest way to get rid of it.
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Jun 12, 2017 16:57
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Cicero posted:The last page or so has been pretty enlightening, for some reason I thought D&D would be more knowledgeable about this kind of thing.
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Jun 12, 2017 17:25
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Shooting Blanks posted:What else would they do with it? It's free infrastructure, they don't have to hire any salespeople to sell them to businesses (who, if they're in the market for used monitors with no warranty, are probably looking at CL anyway), and it keeps their overhead low by not building out a showroom. I see tons of used office furniture from failed businesses go on CL. It's the absolute cheapest way to get rid of it. It's more common to put some of the stuff up on eBay and then leave the rest for Craigslist.
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Jun 12, 2017 17:30
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I didn't myself, but a fair few folks at my company hit the threshold for paying the alternative minimum tax with their options.
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Jun 12, 2017 17:30
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LOL https://twitter.com/hemal/status/874300172330647552
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Jun 12, 2017 17:36
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a foolish pianist posted:I didn't myself, but a fair few folks at my company hit the threshold for paying the alternative minimum tax with their options. Basically every senior+ engineer at a reasonably paying company in SF/NYC is going to hit the AMT.
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Jun 12, 2017 19:07
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And as soon as this was posted, it's already out of date. Uber's senior VP of business is now out. EDIT: I'm stupid, senior VP of business is the CBO. Doggles fucked around with this message at 20:10 on Jun 12, 2017 |
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Jun 12, 2017 20:06
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Doggles posted:And as soon as this was posted, it's already out of date. Uber's senior VP of business is now out. LOL, are they even going to make it to July when Upstate NY starts allowing them to work around here?
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Jun 12, 2017 20:50
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allow me to introduce my new app, Ex.ecuti.ve™ We specialize in flex-work, just in time senior management for C-suite positions. get more CEO for your dollar with the power of the Sharing Economy. Was your entire corporate leadership just fired for malfeasance or sexual harassment? Ex.ecuti.ve™ has got your back! Have investors realized that their unicorn was really a giant shell game? Replace yourself with an Ex.ecuti.ve™ while you offshore yourself to the Cayman Islands! Ex.ecuti.ve™: For When You Need a Steady Hand on the Tiller™ [corporate logo of boat on the edge of niagra falls]
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Jun 13, 2017 01:55
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Klyith posted:allow me to introduce my new app, Ex.ecuti.ve™ *reaches for checkbook*
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Jun 13, 2017 02:52
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Klyith posted:allow me to introduce my new app, Ex.ecuti.ve™ This reminds me of a startup out there that is literally just a bot connected to a email address you cc and it schedules appointments for you with people. But they charge by appointment and the starting pack was over $100 for 20.
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Jun 13, 2017 03:05
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Demand for C level executives is currently high! Fares will be 10x
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Jun 13, 2017 03:05
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fishmech posted:It's more common to put some of the stuff up on eBay and then leave the rest for Craigslist. I dunno - I figure they probably have a warehouse full of stuff as it is. Not that hard to tag everything for inventory, post ads with what's for sale and let people come to you rather than deal with Ebay fees + Paypal fees + shipping + potential chargebacks.
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Jun 13, 2017 03:12
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blah_blah posted:Basically every senior+ engineer at a reasonably paying company in SF/NYC is going to hit the AMT. This is not true, there are plenty of circumstances where you won't. One being if you just have a really high salary. You probably also won't hit it if you have ISOs and don't wait forever to exercise them (depending on valuation increases)
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Jun 13, 2017 04:00
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Friendship ended with MAYER, now VERIZON is my best friend. https://techcrunch.com/2017/06/13/verizon-closes-4-5b-acquisition-of-yahoo-marissa-mayer-resigns-memo/
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Jun 13, 2017 16:40
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Bad day for unicorn CEOs https://www.nytimes.com/2017/06/13/technology/uber-travis-kalanick-holder-report.html
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Jun 13, 2017 18:22
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Kalanick is leaving to grieve for his mother. Really.Kalanick's farewell letter posted:Team,
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Jun 13, 2017 18:27
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Uber's CEO is taking a leave of absence for an unspecified amount of time https://www.washingtonpost.com/news/the-switch/wp/2017/06/13/eric-holder-report-on-harassment-at-uber-calls-for-new-corporate-culture/ The publicly given reason is the internal and external battles Uber has been fighting. However, Kalanick's mom died three weeks ago in a boating accident and his dad was severely injured. That tragedy apparently played a big role in the board's decision. e;fb
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Jun 13, 2017 18:29
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Klyith posted:allow me to introduce my new app, Ex.ecuti.ve™ Why not just replace them with AI like the end of that one Twilight Zone about automation killing jobs. Just get someone to code an app that makes executive level decisions.
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Jun 13, 2017 18:33
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Steve French posted:This is not true, there are plenty of circumstances where you won't. One being if you just have a really high salary. You probably also won't hit it if you have ISOs and don't wait forever to exercise them (depending on valuation increases) Living in SF or NYC results in a lot of deductions due to high state/city taxes -- even if you're a single person with no dependents or other deductions. As soon as you get around 250-300k (could be salary, RSUs, whatever -- there's no difference from the AMT's perspective) -- you're in AMT land.
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Jun 13, 2017 18:37
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Arsenic Lupin posted:Kalanick is leaving to grieve for his mother. Really. uh what leadership is left to even run the company?
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Jun 13, 2017 18:43
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