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- Snap employees were told they wouldn’t be getting cash bonuses for 2017 since they didn’t beat their internal goals, which were undefined, according to Bloomberg.
- Meanwhile, Snap CEO Evan Spiegel was paid $ 637 million in 2017 as revealed by an annual security filing.
- This isn’t a good look for Snap, whose CEO has gotten a reputation for his lack of communication with employees.
Employees at Snap Inc, the parent company of Snapchat, have gotten their fair share of bad news since the company went public one year ago.
Still, the most recent news that they won’t be getting cash bonuses for 2017, as Bloomberg’s Sarah Frier reported on Thursday couldn’t have been easy to hear — especially since CEO Evan Spiegel got a payout of $ 637 million, thanks to an award described in the company’s annual report as a “motivational tool.”See the rest of the story at Business Insider
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See Also:
- Snap CEO Spiegel’s $ 637 million bonus shows just how broken executive compensation is
- How to use the new-look Snapchat like a pro, whether you’re new to the app or you’ve been using it for years
- Snapchat played a key visual role in the national student walkouts over gun violence — take a look
