Reddit

I don't disagree with the sentiment here, the world is fucked and unchecked crony capitalism is the problem. The rich get richer and the rest of us barely get by. Also fuck Huffman for ruining the only social media platform I'd used consistently for over a decade.

That said, Huffman's salary is not even close to the number reported here. He makes something like $350k in a year (still a wildly high salary, no one person needs to make that much in a single year!), this "compensation" is closely tied to his equity in Reddit and it's predicted value when the company goes public.

Most CEOs are compensated in this way and I think it's not exactly a bad way to do it (partially for employees but mostly for investors). This value is tied to performance, so if the CEO does stupid shit and ruins the company, it directly affects his compensation. This can be a good thing if that CEO makes good business decisions, which can lead to more jobs and more stability for the workers. I realize this is not always the case, but that's the general idea.

It still sucks, and I still think no individual should make more money than is needed to live comfortably, but it's not like he's raking in 193 million every year like it seems from this tweet.