US tech founders are increasingly wresting control from VC backers and extracting huge pay packages tied to going public compared to their non-tech peers
Wall Street Journal : Tweets: @shiraovide , @mims , @rolfewinkler , @felixsalmon , @rolfewinkler , and @rolfewinkler Tweets: Shira Ovide / @shiraovide : Tough board room discussion: “How much should I pay myself?” “A lot, I think.” “Ok.” http://www.wsj.com/... http://twitter.com/... Christopher Mims / @mims : When the next crash comes (there is always a next crash) this will be among the excesses in startup funding/governance we tut-tut about http://twitter.com/... Rolfe Winkler / @rolfewinkler : On A1 tomorrow: So much capital for top founders means declining governance for unicorns. Adam Neumann at WeWork is on his own comp committee, eg https://www.wsj.com/... w @maureenmfarrell Felix Salmon / @felixsalmon : Count the women on these tech-unicorn boards. (Spoiler alert: There aren't any.) http://www.wsj.com/... http://twitter.com/... Rolfe Winkler / @rolfewinkler : Neumann being on his own comp committee (only other person is Benchmark's Dunlevie) is not normal. Std for public cos is only independents on board comp committees. pic.twitter.com/lrsLbNiiod Rolfe Winkler / @rolfewinkler : Supervoting shares exploding for tech startups. And founders gain power over time just holding 'em since others sold convert to regular shares. pic.twitter.com/0TD7pymsZ5