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Proptech CEO pay, the #s behind Sonder’s $2.2B SPAC deal
Plus, a startup that tracks our cell phones raised $50M National /
Proptech’s payday
A year ago, Redfin CEO Glenn Kelman said he would forgo a salary after the tech brokerage had to furlough 40 percent of agents and staff. Other CEOs followed suit.
But in the end, the pandemic didn’t cause a housing meltdown or a meaningful deterioration in CEO pay.
In 2020, CoStar’s Andy Florance was compensated $21.3 million, according to the company’s recently filed proxy statement. Behind him was eXp World Holdings’ Glenn Sanford with $15.9 million and Zillow’s Rich Barton with $8.4 million. Kelman stuck to his word and collected a salary of $63,609 (instead of $300,000). Sanford also took a smaller salary $656,480 instead of $1.5 million.