Lee Duna@lemmy.nz to Technology@lemmy.worldEnglish · 11 months agoThe salaries of Wikimedia executives are sparking an online debate about tech sector wageswww.businessinsider.comexternal-linkmessage-square101fedilinkarrow-up1396arrow-down158cross-posted to: hackernews@derp.foo
arrow-up1338arrow-down1external-linkThe salaries of Wikimedia executives are sparking an online debate about tech sector wageswww.businessinsider.comLee Duna@lemmy.nz to Technology@lemmy.worldEnglish · 11 months agomessage-square101fedilinkcross-posted to: hackernews@derp.foo
minus-squareQuadratureSurfer@lemmy.worldlinkfedilinkEnglisharrow-up12arrow-down16·11 months agoIt’s important to note that most of what they “made” is actually just the stock that they already own or the stock options they received. In general the actual cash that they receive is less than $500k. Taxes are calculated differently on stock sales vs wages.
minus-squareNull User Object@programming.devlinkfedilinkEnglisharrow-up16arrow-down4·11 months agoSo?
minus-squareTWeaK@lemm.eelinkfedilinkEnglisharrow-up2·11 months agoYou’re right that their salaries weren’t $500k plus, those numbers included severance. Actual salaries were in the order of $150-300k (with the highest salaries paid to the owners). Wikimedia doesn’t have stock AFAIK.
It’s important to note that most of what they “made” is actually just the stock that they already own or the stock options they received.
In general the actual cash that they receive is less than $500k.
Taxes are calculated differently on stock sales vs wages.
So?
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You’re right that their salaries weren’t $500k plus, those numbers included severance. Actual salaries were in the order of $150-300k (with the highest salaries paid to the owners).
Wikimedia doesn’t have stock AFAIK.