VC Pittel: CEO annual salary should not exceed 150,000 dollars
Source: Internet
Author: User
KeywordsEntrepreneurship annual salary no Pete.
According to foreign media reports, Pittel (Peter Thiel) believes that even if a round of financing has been successful, start-up companies should not pay their annual salary of more than 150,000 dollars. He believes that high pay means the CEO has no drive, no morale and no longer cares about the future of the company. Ried Hoffmann, an example of LinkedIn, says Hoffmann's monthly salary is 15,000 dollars. Pittel graduated from Stanford University. Thiel Capital was established in 1996 before the Swiss credit group. Founded in 1998 with others, PayPal was the founder of a 500,000-dollar start-up fund for Facebook's founders in 2004, supposedly holding 7% per cent of the social networking site. He has almost invested in all areas, including restaurants and movies, known as the "free market" genius.
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