6 ms·
Some execs realized they weren't gonna get their bonuses anymore and, since they started bleeding users, went in full damage control mode to save their own asse
by ChuckNorris89 6y ago
Some execs realized they weren't gonna get their bonuses anymore and, since they started bleeding users, went in full damage control mode to save their own asses.
- mnd999 6y agoI think it’s probably already a fuck-up of bonus limiting proportions.
- gkoberger 6y agoHmm, I hate this concept of "bonuses" because in my experience this isn't really how things work. However, I do think the incentives internally probably were structured in a way to encourage this change, and I doubt anyone is being seen as being "more successful" due to a rollback.
- deleted 6y ago[deleted]
- mnd999 6y agoYou put that much more eloquently than I did.
- 411111111111111 6y ago> Hmm, I hate this concept of "bonuses" because in my experience this isn't really how things work. You're right. They're going to pay themselves the bonus regardless of this debacle.
- kortilla 6y agoPlease explain to me the process by which executives decide their own bonus.
- kingaillas 6y agoThere are directors/executives that sit on compensation committees that also wind up deciding their own pay. And if you decide your own pay it isn't much of a leap to also decide bonus amounts and criteria. Here's an article from Harvard Law Review about a lawsuit over this - you might be interested in the paragraphs in the "Shareholder Waivers" section: https://corpgov.law.harvard.edu/2019/09/18/setting-directors-pay-under-delaware-law/ https://corpgov.law.harvard.edu/2019/09/18/setting-directors... Some quotes: waive a shareholder’s right to sue the directors for violating their duty of loyalty regarding setting their own pay and For directors setting their own pay, the ruling suggested that a blanket waiver etc.
- derptron 6y agoWhat don't you understand? You changed the word bonuses to incentives.
- cromka 6y agoConsolidating, strategical changes like these sure are introduced and orchestrated by the top, not by the lower/mid level management who want to be noticed.
- imheretolearn 6y agoI know this is going to get a lot of hate here, but sometimes I wonder whether these execs consider anything besides their fat bonuses or anything which is not related to their bonuses?