Robinhood’s pay structure is meme stock heaven

For archers, a “Robin Hood” is where one arrow splits another in the same spot. Robinhood Markets has achieved something similar by tying executive awards to the company’s share price, which briefly almost doubled on Wednesday, its fifth day as a publicly traded company. Vlad Tenev’s digital brokerage has at best missed a trick, and at worst created troublingly skewed incentives. READ MORE