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Sonos CEO behind disastrous app exits with $1.9 million severance (arstechnica.com)
submitted 2 days ago by some_guy@lemmy.sdf.org to c/technology@lemmy.world
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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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[-] deegeese@sopuli.xyz 60 points 2 days ago

$1.8M is pretty small as golden parachutes go. Was probably the smallest amount allowed under his employment contract which avoids a lawsuit.

[-] RobotZap10000@feddit.nl 109 points 2 days ago

To paraphrase OP's body text, if I did a shitty job I wouldn't be receiving $1.9M checks in the mail.

[-] COASTER1921@lemmy.ml 8 points 2 days ago

Absolutely this. I've never seen a CEO golden parachute anywhere near being under $2m before. To most large company CEOs $2m is pretty much nothing relative to their regular stock options.

this post was submitted on 13 Jan 2025
627 points (100.0% liked)

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