4 ms·
A temporary C-level/VP/director/manager compensation cut (say, a couple quarters to a year) whenever "large" layoffs are executed seems fair. Sure, let 5-10% o
by ethbr0 4y ago
A temporary C-level/VP/director/manager compensation cut (say, a couple quarters to a year) whenever "large" layoffs are executed seems fair.
Sure, let 5-10% of the company go, but it should echo financially up the chain as well.
In the sense that those people can't afford to do that thing that they'd been planning on doing, and might have to budget a bit harder.
Seems minimally fair when others just lost their jobs.
- hgsgm 4y agoC-level annual comp dropped 30% due to stock price decline.
- ethbr0 4y agoThat's "lost" money in the sense of compared-to-being-paid-in-gold. One could also say that dollar-based annual comp dropped 7% in 2022 due to inflation. And out of the three of those, stock has the best prospects for future appreciation, if one can afford to hold, which I imagine most C-levels can.