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Do you think the board would object to him saying "oh yeah this looks bad since we're cutting costs, let's lower my compensation a little." It's not like he do
by ammar2 3y ago
Do you think the board would object to him saying "oh yeah this looks bad since we're cutting costs, let's lower my compensation a little."
It's not like he doesn't have any agency in this.
- sokoloff 3y agoThere is no reasonable amount by which he could cut his compensation that wouldn't result in whiners complaining that "well, that wasn't enough of a cut!” If he's going to catch heat for it anyway, he might as well take what he's being offered.
- siliconc0w 3y agoThey could set it to zero, which would be in-line with severity of laying off of 10+ year high performers or those who are pregnant or on medical leave. I'd like to see an automatic condition where layoffs trigger a requirement that the directors and officers compensation will be set to zero for the next three years. You're basically severely fucking with people's lives and this has very real consequences for those people and society in general who has to pick up the pieces.
- kevviiinn 3y agoThey can definitely survive for a few years without salary too. 200M is be enough to last most people decades and more yet they get that much every year
- kcplate 3y agoThe average tenure of corporate CEOs is what <7 years? Why the hell would you intentionally cut your pay knowing you have a short half in the gig and for doing the job you were hired to do?
- somsak2 3y agohow long do regular workers stay on average at a company? 7 years is a pretty long time
- kcplate 3y agoMost regular workers leave generally it’s on their own accord. When a corporate CEO leaves, it’s generally because they are fired. If I am working for a company where the role I am in has a statistical likelihood that I will be fired in the near future, I am going to take every comp dollar I can get and not offer any compensation sacrifices for optics sake.
- jjeaff 3y agoFor some people, enough money is enough money and you start to think about your legacy. Or maybe your coworkers that toil for so much less. Will another $200m make any difference at all for someone with that kind of money?
- mrpopo 3y agoThose people don't end up at the top mostly. You need a unending thirst of money and power to make it as CEO of Google and stay there. The same happens in politics actually.