4 ms·
To be fair, his net worth fell by $70+ billion. So that sounds like a financial penalty to me.
by francisofascii 4y ago
To be fair, his net worth fell by $70+ billion. So that sounds like a financial penalty to me.
- deleted 4y ago[deleted]
- falcolas 4y agoA reduction in net worth (i.e. stock price dropping) is a pretty terrible penalty, because a) it doesn't actually reflect upon the CEO's successes or failures, and b) because any bump in Meta's stock price will bring that net worth right back. And, usually, doing a mass layoff will do exactly that. EDIT: Sure enough, Meta's stock is up ~17% since a week ago.
- eru 4y ago> And, usually, doing a mass layoff will do exactly that. That tells you that companies have far too few mass layoffs.
- falcolas 4y agoOnly if your goal is short-term profits, and not long term sustainability.
- eru 4y agoStock prices are the market's estimate of the company's long running prospects. Management has a fiduciary duty to shareholders. Stock price isn't everything, but it's still prima facie evidence of what shareholders want.