Four days after Etsy merchants ended their strike to protest the company charging them higher seller fees, the Dumbo-based marketplace disclosed its chief executive was awarded more than $40 million in compensation in 2021, or 20 times more than the prior year.
Most of CEO Josh Silverman’s raise came in the form of equity grants awarded in March 2021, when Etsy’s fortunes were surging. But those pandemic-driven gains look unsustainable, and Etsy shares have lost half their value in the last three months amid a broad decline in tech stocks.
Etsy said it rewarded Silverman because he hasn’t been granted any shares since joining when the company was
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