4 ms·

I personally like to use the free food or sodas as a canary. When the company isn't doing too good, those are the first perks to get cut, because it looks good

by derekp7 11y ago

I personally like to use the free food or sodas as a canary. When the company isn't doing too good, those are the first perks to get cut, because it looks good -- however it doesn't really rescue a failing company. So as soon as the free soda dries up, it is time to put out your resume.

TheOtherHobbes 11y ago
But you'd expect a CEO to be able to hire someone to negotiate the cost down. $38 a day per person for what should be a company-wide catering concession is unusually generous. Meyer generally seems to have made some hard-to-justify spending decisions. She won't be the first or last CEO to go on a spending spree - see also Autonomy, etc. But the usual idea is to get some value from the shopping trips. If that's not happening, it's a strong signal that the CEO isn't shopping with clue. I think the board could have been much more critical of the Polyvore deal in particular.