The Morning Badger (2/7/17): Snapchat CEO’s Ridiculous Salary


Snapchat CEO

$1

That’s all Evan Spiegel, Snap Inc. CEO’s salary will get for compensation when his company goes public. Don’t feel too bad for him, though. He’ll Also receive 22% of Snap’s Class A stock, which would be worth around $5.5 billion if Snap/Snapchat actually gets their desired $25 billion valuation.

Hooray for Earnings!

GM ($GM), BP ($BP) , Gilead ($GILD), Walt Disney Company ($DIS), and Take Two Interactive ($TTWO) all report their earnings today. Disney investors are particularly excited about the company’s earnings as they broke box office records in 2016, partially thanks to the user-successful Rogue One. Could this propel Disney’s stock past their 2015 record? We’ll find out around 4 today.

A Veggie Crisis?

The UK is currently in the midst of a vegetable shortage. Due to bad weather in Spain, where Britain gets 80% of their vegetables, the country isn’t importing as many vegetables as they’d like to. This is causing massive spikes in vegetable prices, affecting everything from romaine lettuce (up 306%) to cauliflower (up 90%). Check out Quartz’s report for more on the UK’s vegetable shortage.