Mike Blake/Reuters
- Snap CEO Evan Spiegel received a massive payout in 2017, being awarded $ 638 million in stock and compensation the year the firm went public.
- That’s probably a higher payout than any other chief executive in the US, data firm Equilar told The Financial Times.
- That’s astonishing given Snap lost $ 720 million in 2017 and is nowhere as big as the very profitable Apple and Google in terms of revenue or market cap.
Last year, Snap CEO Evan Spiegel got paid more than the heads of some of the world’s biggest companies, including Apple chief executive Tim Cook and Google boss Sundar Pichai.
In fact, he was probably the best-paid CEO in America, according to data firm Equilar, which tracks executive pay in the US. Spiegel received a massive $ 638 million (£456 million) stock and compensation payout after Snap floated last year.See the rest of the story at Business Insider
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SEE ALSO: People hate Snapchat’s redesign so much that another Wall Street analyst downgraded the stock
