Reddit CEO's $193 Million Pay Package Draws Ire From Unpaid Moderators

Reddit CEO Steve Huffman's $193 million compensation package has drawn criticism from users who feel it's too high, especially since Reddit doesn't pay moderators or generate profits yet.

In a video Q&A, Huffman defended his pay, stating it's mostly salary and stock set by Reddit's board based on his performance.

The bulk of the package is restricted stock units and options tied to long-term targets like completing the IPO and growing Reddit's share price.

Huffman already owns about 3.2% of Reddit, so his stake will be worth around $200 million at the targeted $6.4 billion valuation.

It's unlikely Huffman actually gets the full $193 million, as the equity vests over time and is tied to performance targets, but he still has a chance to become much wealthier.