Today I learned: Kunal Shah only draws a 15K salary 👏🏻
cuckingfunt99
Stealth
2 years ago
Mostly founders or other members of upper management tend to take huge dividend payouts and very low salaries.. Not sure what the rules in India are like, but in the US, dividends are taxed at a much lesser rate than salaries.
That's why Zucky, Steve Schwazman of Blackstone etc all take dividends over salary.
Capische
Stealth
2 years ago
He hasn’t mentioned the secondary sale of CRED shares worth millions of dollars he has made.
This is why I find him very shady. He’s obviously sold shares in secondary. He’s probably made a lot more in secondary sales than he would have from salaries.
Also as he would be a related party. He has to disclose his salary in the financial statements. So this is completely self serving (nothing wrong with that) but portraying himself as a man of the people who cares a lot about burn.
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Well if the majority of my expenses are handled on the company’s tab and I made a huge corpus on my stock sales, I could live of 15k per month fairly easily too!
Stop being mesmerising by the half baked info these CEOs blurt out.
Guys you have to understand, salaries are linear but equity can be exponential. They've raised 9 rounds of funding and is saving a lot on taxes by doing this.
Secondary share sale karke he makes crores n then says this
Hahahahahhaah
unemployed
Stealth
2 years ago
15K is prolly a night for him
Now he will use this to negotiate the salaries of employees joining the organization. Nice, very very nice.
Haha If I sold my previous company for $400 million I’d also take ₹1 salary so as to avoid paying income taxes. Tax on fat salary = 30%. Tax on capital gains through sale of secondaries = 15%.
Hmm I wonder what someone would choose.
BetaTester99
Stealth
2 years ago
Marketing gimmick
randombug
Stealth
2 years ago
So couple of years ago he claimed his salary is 3 lakh per annum. Good he took a pay cut https://twitter.com/kunalb11/status/1398901975513632770
LordPuneet
Stealth
2 years ago
But meta is public he could sell his shares anytime at least will get some money but selling a private company shares you need a buyer?
MealyBloom18
Stealth
2 years ago
He's so overrated. This salary is just signaling, he's made buttloads of money selling a declining product and selling secondary in cred
