![](/static/253f0d9b/assets/icons/icon-96x96.png)
![](https://lemmy.ml/pictrs/image/l5Wbo7g3XT.png)
In another life, I attended a large geology conference and went to a session with talks about this. They had two speakers back to back, one boiled down to “it was the asteroid” and the other “it wasn’t the asteroid”.
Not only did the speakers get heated in each other’s question sections, the whole ROOM felt like it was about to get into a fistfight - everyone basically taking over each other to the person to their left, right, front, back. Extremely hostile!
I can’t remember the evidence but I do distinctly remember thinking that it wasn’t my subject matter and I should probably avoid forming an opinion on it for my physical safety in my career.
Now I’m free to offend paleontologists both professionally and unprofessionally and I can’t remember how to :'(
So Reddit made a respectable profit in 2023 of 102 million, but Spez felt he was worth twice the entire margin and 2-4 times what even established tech CEOs typically make. If he was happy with the paltry CEO pay that poor companies like Microsoft offer /s, Reddit would have posted ~ 50 mil in profit?
Listen, I’m not a financial expert, but how is that not some form of fraud?? My company posted a MUCH smaller loss (in one region!) than that and we had auditors crawling through our assholes looking for the why. Every transaction was looked at, every expense had to be justified, people lost their jobs, one is under federal investigation!!, and key leadership got busted back down to frycook - and rightfully so.
You’re telling me the board (or ownership??) hired someone at arguably quadruple market rates and double their expected yearly margin to make them profitable and then posted basically a 9 figure loss that could be entirely contained in that one transaction…and that somehow isn’t some sort of Trump-NY-Esque business valuation defrauding of their existing investors/tax fraud?
“Oops we made zero money for you guys last year because we actually made sure to pay all of it and more to this one guy, more money pls” right before an IPO?