this post was submitted on 07 Dec 2024
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[–] independantiste@sh.itjust.works 10 points 8 months ago (13 children)

As a CEO id be stupid to get a salary. Dividends and stocks are much better tax-wise. Well maybe id get a smaller salary for the advantages in retirement and tax-free accounts and everything, but not much more than whats needed.

[–] SpaceNoodle@lemmy.world 7 points 8 months ago* (last edited 8 months ago) (11 children)

Stock grants are taxed as regular income.

Edit: downvotes from people who have no idea how stock, compensation, or taxes work, apparently.

[–] howrar@lemmy.ca 0 points 8 months ago (1 children)

I thought founders usually get all their shares upon founding the company when it's worth next to nothing. Is that not how it works?

[–] SpaceNoodle@lemmy.world 2 points 8 months ago (1 children)

Who was talking about founders?

[–] howrar@lemmy.ca 0 points 8 months ago

Founders usually end up in C-suite positions. That sounds like what independantiste was thinking about.

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