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After link chasing from that Tweet, this appears to be the underlying quote: > Here's what I mean by mitigate: we ask our executives to accept a discount from
by jacques_chester 6y ago
After link chasing from that Tweet, this appears to be the underlying quote:
> Here's what I mean by mitigate: we ask our executives to accept a discount from the market-based pay they could get elsewhere. But we don't ask for an 75-80% discount. I use that number because a few years ago when the then-ceo had our compensation structure examined, I learned that my pay was about an 80% discount to market. Meaning that competitive roles elsewhere were paying about 5 times as much. That's too big a discount to ask people and their families to commit to.
https://answers.thenextweb.com/s/mitchell-baker-aGY62z https://answers.thenextweb.com/s/mitchell-baker-aGY62z
- oliwarner 6y ago> That's too big a discount to ask people and their families to commit to. I'm aghast. How could anyone survive on $500k?! Everybody at the yacht club would laugh at you. It would be simply beastly. I know they play this game against the likes of Google and Microsoft but they have favour with people because they're not Google or Microsoft, because their product is driven by engineering, not repeatedly tainted by management. These job losses shouldn't be at product level, they should clean out management, restructure to bring engineering up to board level, kick out the suits that are only there for the cheque.
- rasz 6y agoThis quote would make sense if those executives ran a successful company with a lot of users, not a sinking ship almost solely propped by market gorilla in fear of becoming sanctioned monopoly.
- sincarne 6y agoBut 100% for those made redundant is just fine.