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is it possible that this is all a response to falling stock price. it seem historically a quick fix for any CEO to bump the stock price is to make layoffs, and
by 5350-uiop-1130 4y ago
is it possible that this is all a response to falling stock price.
it seem historically a quick fix for any CEO to bump the stock price is to make layoffs, and it seems to work. and i don't think any of those companies are strapped for cash
- swyx 4y agomost good ceos, and definitely ceo's at this level, know not to overreact to stock price which is very macro and short term driven, when they should be playing the 10-20 year game.
- adql 4y agoThat's what people who own company do, not the ones that get yearly bonus based on short term performance
- asdfasdfasdf42 4y agoThe stakeholders purposedly pin CEO's pay to the stock price to avoid them doing so: https://www.barrons.com/articles/alphabet-ceo-sundar-pichai-pay-51671712486 https://www.barrons.com/articles/alphabet-ceo-sundar-pichai-...
- trashtester 4y agoI don't think it's the stock price so much as this being good opportunity to fire people who're no longer wanted by the company (at the salary they're collecting), without the reputation loss that usually comes with that. Soon they will start hiring again, quite possibly finding better candidates at a lower salary.