In SEC paperwork to go public, secretive data company Palantir revealed its CEO Alexander Karp made $12 million last year and had a travel stipend of $600,000.Palantir filed IPO paperwork the day after a slew of unicorn-status enterprise tech startups filed to go public.Palantir CEO Alex Karp received a hefty $12 million in compensation last year, including a $600,000 travel stipend. the company revealed in its paperwork for a public listing on Tuesday.
Palantir noted in its S-1 that it has stopped all non-essential business travel by employees because of the pandemic. And the company even says it saved $1.4 million in the first six months of the year because of "COVID-related travel restrictions" and company-wide initiatives to decrease overall travel.
According to the S-1, Karp's expenses included $979,091 for "the personal use of chartered aircraft pursuant to the aforementioned security program and incurred in connection with service on board of directors of other organizations and other personal travel."
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While Palantir lost $580 million
Wow, the trippy details of the world’s business elite. Sony and General Motors hardly pay that much. Has to be a good overhead to earnings ratio! Smart man/
I bet their “secret data analysis” devolves to Y = a + bX
Big chunk for travel stipends
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