The problem were the mods who didn't know any better. Spez hid his intentions very well, and made all the mods look like fools working for free
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In the end it was a subset of users that basically told mods “you’re just janitors, we don’t need you, anyone can do your job” followed by a partial exodus and… a major drop in quality on all but the larger subs.
I modded r/beholdthemasterrace, which was specifically for making fun of literal Nazi inbreds.
It doesn't matter what he says - it's pretty obviously just greed to any outside observer who doesn't think like greedy CEOs do.
It's too early to see a face and get into a slapping mood.
Get fucked, u_spez
“It’s my money and I want it now!”
Quick, contribute your $34 so he can get a raise next year.
Welcome all reddfugees!
This is the norm for any big business. The top dogs will be wildly paid even if the company is struggling. They'll get a big fat payday even if they get kicked out (golden parachute). Hell, even the bosses in the NYC Public Library system are pulling in close to a million bucks a year even as they talk about cutting services.
The guy is just trying to cash out as much money out of Reddit as he can until people realize how overvalued the site really is.
I mean, it wasn't like I was expecting the guy who refused to take down a popular softcore CP sub until it got mainstream media attention to be morally upstanding.