Gurley says Netflix executives choosing cash over stock shows management treats SBC as if it's free.
“And I personally think management is a lot more, thoughtful about cash expenditures, and I think they think about this SBC as if it's free almost.”
Gurley says he would agree to Elon's Tesla pay structure for every company, but ISS evaluators oppose it.
“And I would do that deal over and over and over and over again. None of these ISS like evaluators agree with that.”
Gurley defends Tesla's Elon Musk compensation as aligned with shareholders despite ISS opposition.
“It basically says you don't make money unless the stock goes way up. And if your stock goes way up, you make an obscene amount of money.”