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I don't see it the way you do. I never heard of an executive being pushed to earn less money the way executives are pushed to resign. Usually is quite the opp
by soneca 10y ago
I don't see it the way you do.
I never heard of an executive being pushed to earn less money the way executives are pushed to resign.
Usually is quite the opposite, companies pay resigning executives a wealth sum as it is in the best interest of the company that the burned executive leave as soon as possible and with no intentions to harm the company after leaving. The board usually couldnt care less about the money a leaving executive gets.
An executive leaving money on the table (and distributing among other employees) is extremely rare and I think your cynism have no logical thinking support here.
- 36bydesignBL 10y agoThey don't pay them a wealthy sum when their actions lowered Verizon's buying price by billions. If you crunch the numbers, there is a 0% chance Marissa did this 100% voluntarily with no pressure on her.
- jsjohnst 10y ago> when their actions lowered Verizon's buying price by billions. You mean 0.35 billion?
- tyingq 10y agoIt is common enough that it has a name...claw back provision. It's risen in popularity since the subprime mortgage crisis. Used more often to claw back bonuses for fraud, but used for lackluster performance as well. Voluntarily forgoing your bonus versus an embarrassing board decision isn't that odd.