What i dont like is late comers to companies that get IPO, and then these get millions, ahead of the hardworking coders who started there from day 0.
I dont mind her there, but if the company IPOs for billions, she should not get a cent, as I cannot see anything she can contribute that would add to the book value or earnings values. /*
Actually, when IPO time rolls around people with "names" can add a great deal to the IPO. I can certainly believe that a former Secretary of State and National Security Advisor might have contributions to make on the "privacy and security" front, which is the focal point of the criticism. That aside, the IPO's that I have been involved in always included bringing in people with the right resume in high level posts at the last minute. That way the big institutional investors who are looking in to the company can say "Aha, I see they have big name official on the board, and look, they have the former CIO from Transamerica. They have all the right people in place to move the company forward!" And yes, it pissed me off that someone who had nothing to do with building the company made more than I did (by a couple of orders of magnitude) on the IPO. But Mr. Analyst working for the big investment group doesn't want to hear "we have this great guy who is super-bright and has been working 100 hours a week since the beginning as CIO".
But that is irrelevant to the major shareholders - they are simply asking themselves "can we make 30% more if we bring in this handful of people for the IPO?" If they can make an extra $200 million by spending 20 million, they'll do it every time. Once the VC guys get involved, loyalty kinda flies out the window.
So I guess the moral of the story is, make sure you get paid on the initial investments, because that might be the last bite of the apple you get.