Spence will receive a cash severance of $1,875,000, per SEC filings. He will also get $7,500 per month and serve as a Sonos board advisor until June, and his unvested shares will vest.
If I was this bad at my job, I’d be shitcanned with no compensation. It’s pretty cool how we reward failure at the highest levels.
Y’all have the business comprehension of a 6th grader. Lemmy thinks the CEO is the manager at their fast food job.
The CEO is hired, and fired, by the board of directors. Sometimes they’re hired to do unpopular shit, and take the blame. Sometimes the board insists they do stupid shit, and take the blame if it doesn’t work.
If you want to jump off that plane without negotiating a parachute? Go for it.
I don’t think anyone is blaming him for making the deal, they’re just mad that the deal exists.
I guess they should start negotiating for better bulletproof vests instead of golden parachutes.