Snap CEO Spiegel's $637 million bonus shows just how broken executive compensation is (SNAP)

Snap recently disclosed that it paid CEO Evan Spiegel $638 million last year — mostly in the form of a gigantic stock award. The award was worth more than any other since at least 2011, bigger even than the jumbo award Apple gave Tim Cook when he took over from Steve Jobs as CEO. Snap says it gave him the award for leading it to an IPO, but its rationale for the award itself and its huge size doesn't make much sense. The award points not only to problems with Snap's governance, but to the...