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IIUC, Epic Games is private so they only need to convince Tim not to ax their bonuses and not the wider stock market. Although I mean if you're the executive o

IIUC, Epic Games is private so they only need to convince Tim not to ax their bonuses and not the wider stock market. Although I mean if you're the executive overseeing the devision where users got overcharged perhaps your bonus did deserve to be ax'd.

giantg2 3y ago
Even at private companies the performance targets/bonuses are set in the contract, no? Yeah, if you were the cause of the suit, then you definitely shouldn't be getting anything.
- JumpCrisscross 3y ago
  > Even at private companies the performance targets/bonuses are set in the contract, no? For senior management? Usually not. If you hit it out of the park, the Board rewards you at its discretion. It isn’t until a company is mature enough that even senior managers don’t meaningfully affect the whole that performance targets are worth drafting. (Executives on performance targets early are a red flag.) > if you were the cause of the suit, then you definitely shouldn't be getting anything Sunk cost. Question is going-forward risk and return potential.
  - giantg2 3y ago
    "Sunk cost. Question is going-forward risk and return potential." Basically the only way people evaluate you is pn past performance. If you made a bad judgement call resulting in these sorts of penalties, you're likely out. "For senior management?" For executives.
    - JumpCrisscross 3y ago
      > if you made a bad judgement call resulting in these sorts of penalties, you're likely out If you’re likely to make them again and/or don’t bring enough counterbalancing value to the table. If it came out of thin air it’s performative to punish. There’s a good Lee Iacocca quote about this somewhere. > For executives Senior management and executives are the same thing in a general context. (Another is upper management.)
      - giantg2 3y ago
        "If it came out of thin air it’s performative to punish." Nothing comes out of thin air, unless you're saying the fines are bull shit. "Senior management and executives are the same thing in a general context." Depends on how big the company is. At my company senior management is at least a level below the executive level.
        JumpCrisscross 3y ago
        > unless you're saying the fines are bull shit I’m saying not everything can be anticipated, and everything is in balance. A Board that fires everyone proximate to a fine will seal its own fate. > At my company senior management is at least a level below the executive level That’s middle management rebranded. It’s fine! I’ve done this! But the same way someone with a director title isn’t a director of the company, someone who reports to anyone other than the CEO is not senior management.

giantg2 3y ago

Even at private companies the performance targets/bonuses are set in the contract, no? Yeah, if you were the cause of the suit, then you definitely shouldn't be getting anything.

JumpCrisscross 3y ago
> Even at private companies the performance targets/bonuses are set in the contract, no? For senior management? Usually not. If you hit it out of the park, the Board rewards you at its discretion. It isn’t until a company is mature enough that even senior managers don’t meaningfully affect the whole that performance targets are worth drafting. (Executives on performance targets early are a red flag.) > if you were the cause of the suit, then you definitely shouldn't be getting anything Sunk cost. Question is going-forward risk and return potential.
- giantg2 3y ago
  "Sunk cost. Question is going-forward risk and return potential." Basically the only way people evaluate you is pn past performance. If you made a bad judgement call resulting in these sorts of penalties, you're likely out. "For senior management?" For executives.
  - JumpCrisscross 3y ago
    > if you made a bad judgement call resulting in these sorts of penalties, you're likely out If you’re likely to make them again and/or don’t bring enough counterbalancing value to the table. If it came out of thin air it’s performative to punish. There’s a good Lee Iacocca quote about this somewhere. > For executives Senior management and executives are the same thing in a general context. (Another is upper management.)
    - giantg2 3y ago
      "If it came out of thin air it’s performative to punish." Nothing comes out of thin air, unless you're saying the fines are bull shit. "Senior management and executives are the same thing in a general context." Depends on how big the company is. At my company senior management is at least a level below the executive level.
      - JumpCrisscross 3y ago
        > unless you're saying the fines are bull shit I’m saying not everything can be anticipated, and everything is in balance. A Board that fires everyone proximate to a fine will seal its own fate. > At my company senior management is at least a level below the executive level That’s middle management rebranded. It’s fine! I’ve done this! But the same way someone with a director title isn’t a director of the company, someone who reports to anyone other than the CEO is not senior management.