this post was submitted on 23 Feb 2024
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Not to defend Huffman, who's a huge asshole, but...
He wasn't really oaid 193 million. That's the value (on paper) if the stocks and options he received. His actual salary eas 341,000$.
"he wasn't actually paid in money. it was just the value of the gold bullion he received".
Is that better somehow? I never understood this logic. Money itself is existentially just paper with no value until you spend it on something, and its value also rises and falls based on other factors. It's basically stock in the US economy.
Why is it not okay to give someone one kind of paper but not another?
Are you asking why stock of a single company is different from "stock" of the richest country and only superpower on earth?
Also, money is liquid, can be spent immediately. Stock is not liquid, it has to be traded, vested, etc. and given enough stock will tank yje value if too much of it is liquified at once.
Yeah, they don't sell it or trade it usually, they use it as collateral for loans in cash.