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I disagree. The CEO seems to be hinting at lean years ahead. She should be cutting her pay instead. Like Nintendo's management did during their Wii U years.
by csdreamer7 7y ago
I disagree. The CEO seems to be hinting at lean years ahead. She should be cutting her pay instead. Like Nintendo's management did during their Wii U years.
- kleer001 7y agoSadly that kind of work ethic (and honor) is not present enough in the west.
- icebraining 7y agoNonsense, there have been multiple cases in the west, e.g. John Chambers at Cisco, Michael Kneeland at United Rentals, Dan Price at Gravity Payments, Nicholas Woodman at GoPro.
- hinkley 7y agoMaybe it's like when a store has 20% off sale a couple weeks after they raised their prices 10%. Yeah, it's still a sale, it's just not as big of a price cut as you're making it out to be. Raise your salary, sock some money away, then take a big public paycut now that your house is paid off.
- dorfsmay 7y agoOk. So right now, as they are letting 70 people go, and obviously not doing so well, would be a good time to take a big public pay cut.
- bob33212 7y agoIt would be interesting to see if the CEO bailed if her pay was cut in half. Many CEOs are not in a paycheck to paycheck lifestyle. So they can walk away if you cut their pay without looking like an asshole. Then the board is stuck looking for a replacement who will accept 1.25M and the expectation that it could get cut again if the company doesn't turn around.