Roblox CEO to pocket $234 million over next five years

pcgamer.com:

It's all aboard the gravy train at Roblox Corporation, after the company released an SEC filing(opens in new tab) detailing its executive compensation plans for the coming years (thanks, Reuters(opens in new tab)). Roblox's success is hard to overstate—if it were a country, its daily users would make it more populous than Canada(opens in new tab)—and another recent filing revealed the company's sitting on just over $550 million in the bank.

That's a lotta Robux: and it's got to go somewhere. The SEC filing(opens in new tab) shows Roblox Corporation's proposal to compensate its founder and chief executive officer David Baszucki over the next five years, via share-linked payouts rather than salary, will total an estimated $234 million. Baszucki's compensation in 2020 was $6.8 million, though at that time he was also being paid a base salary of $500,000.

Half-a-million a year? Chicken feed! The whopping payout is linked to the company's performance and, per the filing, is granted in lieu of other compensation «for the 7-year period from 2021 through 2027.» So at least we know when he plans to retire. One other element of this that's worth pointing out is that Roblox shareholders had an advisory vote on this package, which passed, and the deal was drawn-up alongside an independent compensation consultant (which sounds like nice work if you can get it).

There is also this rather amusing line buried deep in the jargon:

«Mr. Baszucki was particularly receptive to receiving the Founder and CEO Long-Term Performance Award as he believes that he should be rewarded only if significant long-term outperformance is delivered. The Founder and CEO Long-Term Performance Award was a welcome commitment from the LDCC and a show of faith in