Silicon Valley is thought for its large wealth. When these corporations file to go public, all of us lastly get to know the way a lot cash these executives take house every year, and the tens of millions they’ll take house after the IPO.
In Pinterest’s S-1, which it filed earlier right this moment, we see that co-founder and CEO Ben Silbermann earned a wage of $197,100. But that’s really nothing in comparison with Pinterest CFO Todd Morgenfeld, who earned a base wage of $360,500 with inventory awards price $22,028,696.
It’s nonetheless unclear simply how a lot cash the execs will make as soon as Pinterest goes public. That’s as a result of Pinterest didn’t break down inventory possession.
Meanwhile, fellow IPO-bound startup Lyft paid CEO Logan Green a wage of $401,529 and COO Jon McNeill $419,231 final 12 months. At the excessive finish, Green’s stake is price practically $523 million, whereas co-founder John Zimmer’s stake is price north of $346 million.
Check out our full protection of Pinterest’s S-1 under.
