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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
70 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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[-] sugar_in_your_tea@sh.itjust.works 20 points 2 days ago

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

[-] ElegantBiscuit@lemm.ee 19 points 2 days 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.

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

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