Copeland paid early employee Jay Boberg $100 weekly plus 25 percent equity
Miles Copeland · I.R.S. Records: Miles Copeland · Dec 26, 2022 · at 36:12
Miles Copeland details structuring the compensation and equity for early executive Jay Boberg.
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“I'm going to pay you a hundred bucks a week, which was a joke. But I'll give you five percent of the record company each year you stay with the company for the first five years. So Jay ended up with 25% of the label.”
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