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I love the idea that an already-wealthy founder who retains a huge ownership in the company (and thus can become a billionaire) is "encouraging fiscal probity" by taking a small salary. What this translates to in English, as opposed to VC-speak, is "average salaries at the company are paltry, we're screwing the employees with the promise of a magically better future that will never arrive, and as a result we get a higher share price which helps make us even more wealthy than we already are."

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Allan Milne Lees
Allan Milne Lees

Written by Allan Milne Lees

Anyone who enjoys my articles here on Medium may be interested in my books Why Democracy Failed and The Praying Ape, both available from Amazon.

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