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Sonos CEO behind disastrous app exits with $1.9 million severance (arstechnica.com)

submitted 1 day ago by [email protected] to c/[email protected]

62 comments fedilink hide all child comments

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.

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[–] [email protected] 64 points 1 day ago (1 children)

People like this clown really live in a reality of their own. Imagine being horrible at your job, just to be paid a fat lump of money

[–] [email protected] 20 points 1 day ago (1 children)

If I got that payout, I'd be able to retire...

[–] [email protected] 19 points 1 day ago

Give that amount of money to anyone with the most basic of simple financial management and they wouldn’t have to work a day in their entire life while living a very decent life. Almost $2M at 5% growth, below the total historical performance of the stock market, is $100,000 per year for doing nothing except sitting on money. Any amount of that which is reinvested compounds exponentially.