, which has been the target of multiple government investigations, could be substantially limited or banned entirely, upending Robinhood's entire business model, according to the S-1.
Other senior executives at Robinhood made less than Gallagher last year, but they still stand to profit after the company starts trading. Both Tenev and Bhatt, the company's other co-founder and chief creative officer, have $47 million in unvested shares, with another $225 million each in other unvested awards, according to the S-1. Warnick also began vesting 700,000 shares, worth $11 million, in 2018.
Chief legal officers and general counsel aren't usually paid more than other top executives at companies looking to go public. Only four of the 19 companies whose registration statements became public this week disclosed the pay of their top lawyers, according to a review of filings on Sentieo. But companies facing a high degree of legal or regulatory risk have paid top dollar for legal talent. Paul Grewal, a former senior lawyer at Facebook who became the top legal official at Coinbase, was paid $18 million in 2020, the cryptocurrency exchange revealed when it filed papers to go public.
Peter_Atwater Probably was underpaid given the legal issues that they must have to deal with or will have to
Peter_Atwater 😂🤣
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