BuzzFeed CEO Peretti cuts salary to $115k; awards 6.8M options to employees

BuzzFeed, Inc.

CEO salary reduced from $325k to $115k; awarded options for 414k shares.
Aggregate 6,791,000 options granted to other executives and employees.
Options strike price at current value, tying compensation to stock appreciation.
Peretti states move aligns with startup-like model for GenAI era.

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