No. of Recommendations: 7
Per CNBC wrt Frank Slootman:
“Snowflake marked his biggest financial windfall. He controlled roughly 6% of the company's stock at the time of the IPO, and owned 10.6 million shares as of Feb. 9, a stake that's currently worth about $2 billion.
Additionally, Slootman's total compensation in 2023 amounted to $23.7 million, almost entirely from stock and option awards.”
No real comment on Snowflake but I recall the high profile IPO in 2020. Warren & Charlie have really spoiled us and treated us as respected limited partners with their paltry $100K annual comp for 40+years compared to the typical CEO with their extra friendly board and adoring comp. consultants who love to keep the boss happy with expensive options. Chris Bloomstran has mentioned the majority of most buybacks in S&P 500 cos. essentially serve to try to make up for all of the dilution from stock options granted.
