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> To that end, I am reducing my salary for the coming fiscal year by 98% and foregoing my FY23 corporate bonus. Members of my executive leadership team will red
by nunez 4y ago
> To that end, I am reducing my salary for the coming fiscal year by 98% and foregoing my FY23 corporate bonus. Members of my executive leadership team will reduce their base salaries by 20% for the coming fiscal year while also forfeiting their FY23 corporate bonuses.
Eric is probably already wealthy and can withstand a 98% cut to his base, but I definitely respect him more for doing that than the nothing other execs have done (at least publicly).
- paxys 4y agoI have greater respect for him for reducing executive pay by 20% and cutting their annual bonuses to 0.
- nunez 4y agoIndeed.
- pjot 4y agoI wonder if employee bonuses were cut to 0 as well.
- Aperocky 4y agolol he could forfeit 100% of either and it wouldn't significantly affect his bottom line, whereas stock price changes would (owns 22% of zoom). I don't think I would fault him even if he didn't take any pay cut. Founders and professional CEO are different beasts.
- tux2bsd 4y ago[dead]