4 ms·
Yep, talk is cheap. Of course he's responsible, whether he admits it or not. If not willing to step down, then give up pay.
by pcurve 4y ago
Yep, talk is cheap. Of course he's responsible, whether he admits it or not.
If not willing to step down, then give up pay.
- Spivak 4y agoGood lord, if I resigned every time I caused a production issue my resume length would triple. You are allowed to admit you made a mistake without publicly self flagellating. This is some straight puritanical shit.
- paxys 4y agoDoes your company also do mass layoffs whenever you cause a production issue?
- Spivak 4y agoThe impact doesn’t matter, the magnitude of the mistake does. * If I take all reasonable precautions and bad thing still happens — not a fuckup. * If try my best but make an honest mistake like being forgetful — minor fuckup. * If I try my best but don’t know something crucial — minor fuckup. If I am paid to be an expert on that thing — major fuckup. * If I deliberately choose to forego necessary precautions because that’s effort it’ll be fine — major fuckup or legal trouble depending on the field. * If I purposely cause bad thing to happen — legal trouble. * If I choose to take a calculated risk in good faith after getting the advice of my board and my advisors and bad thing happens — not even a fuckup. How bad the bad thing is doesn’t matter except at the margins “no harm done” or actual injury. Downsizing a company does not meet that bar. Being in a leadership position shouldn’t be a job of calling coins in the air and betting your job you get it right.
- lopatin 4y ago“crypto up plz” being the calculated, good faith, board approved risk? I’m not saying it was illegal. All I’m saying is the people who paid for the bad bets (with their livelihoods) were not the same ones who made the bets in the first place.
- Spivak 4y agoNot my company not my bets. I’m paid to staff a post at a company, the CEO laying people off has no more impact on or responsibility to my livelihood than I do to the workers of food truck I frequent. As a worker I take literally no risk except “one day they might stop paying me.” I am not impacted at all by how the company is doing. And if you’re a stock holder then you should love this move since it’s in your best interest.
- lopatin 4y agoComparing you frequenting a food truck to a CEO that takes massive risks at the expense of his employees is insane.
- Spivak 4y ago> at the expense of his employees This was the whole point of the analogy. Taking risky bets has cost the employees nothing. The only thing that the employees have lost is imaginary future pay and benefits that could have been taken from them at any point for near any reason. It's hurting the employees that were laid off as much as me choosing not to eat at my local burger stand hurts its owner. Dgmr, it sucks to get laid off, it's a huge PITA and a good number of them were probably depending on that income but they haven't lost anything. Those cost of those massive risks are actually literally at the expense of the shareholders. Ironically the employees who have some of their compensation in stocks will actually be helped by this move.
- ericd 4y agoHe's personally lost hundreds of millions of dollars in equity value from this production issue. So I'd say he's "given up some pay".
- abirch 4y agoHow many lives were impacted significantly by your production error?