627
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.

you are viewing a single comment's thread
view the rest of the comments
[-] ByteOnBikes@slrpnk.net 3 points 1 day 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!

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

Technology

60488 readers
3503 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 2 years ago
MODERATORS
L3s@lemmy.world
enu@lemmy.world
technopagan@lemmy.world