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You mean the people who no longer have a job, have an asterisk on their resume, had all their RSUs/options wiped out, and have to find a new job in a down marke
by AdamN 4y ago
You mean the people who no longer have a job, have an asterisk on their resume, had all their RSUs/options wiped out, and have to find a new job in a down market? Are those the ones who will not be held responsible?
Oh maybe you meant the shareholders who funded this activity? Oh, the ones who were wiped out?
- prepend 4y agoYes, those people who extracted millions in salary, bonuses, and stock sales and get to keep them. The shareholders are wiped out. But the bad management made out great. They don’t have to repay any of those ill gotten gains.
- AnimalMuppet 4y ago"Clawback". This is exactly what it's for.
- lapcat 4y ago> have an asterisk on their resume SVB Securities' CAO served as the CFO for Lehman Brothers' Investment Bank https://news.ycombinator.com/item?id=35122311 https://news.ycombinator.com/item?id=35122311