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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]

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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] 14 points 1 day ago (1 children)

people who repeatedly ruin companies

You mean those bold leaders who have the rare ability to take risks* and make the tough decisions**?

Risking their “number go up” fun money, not their actual lifestyle, or health, or home, or food supply, etc. Or just risking other people’s assets much of the time.

** The decisions that will hurt people they don’t care about and won’t have to deal with, in order to hopefully make their “number go up” score improve.

[–] [email protected] 3 points 22 hours ago

"Go big or go home!" The CEO says as they fire 70% of their staff and now have to take a vacation to recharge at their summer beach house. His major concern? His severance package is only $3 million when his last place gave him $12 million. But this next coke-fueled idea will absolutely get them back to the top!