4 ms·

I'd be interested in whether the C-level got any severance or healthcare....

• bastardoperator 3y ago
  [flagged]
  • deleted 3y ago
    [deleted]
• justrealist 3y ago
  Why do you assume the worst, with absolutely no information? The company is shutting down. I'd bet you a lot of money nobody gets anything.
  • apercu 3y ago
    At higher levels you usually have insight that these things are coming and can negotiate retention bonuses and other benefits, or threaten to walk (sinking shop and all), and I think it's likely, so I asked the question....
  • mmanfrin 3y ago
    Probably because C-levels almost always get disproportionate parachutes regardless of performance.
  • alex_lav 3y ago
    > The company is shutting down. I'd bet you a lot of money nobody gets anything. Let's define a lot and then I'll take this bet.
• mixdup 3y ago
  regardless, C-level salaries were probably high enough that they can skate by a while without a salary for a bit and pay for marketplace healthcare coverage if absolutely necessary
  • MaxHoppersGhost 3y ago
    Everyone's salaries were probably high enough to skate by for a bit... it's a tech company not a burger king.
    • cheriot 3y ago
      I LOL'd. Let's also remember that every tech company has middle and low wage jobs as well.
      • MaxHoppersGhost 3y ago
        What would those be though? I work at a U.S.-based software startup with 100 employees and no one makes less than $80K. Avg cash comp is just under $200k. It’s likely Convoy had a very similar profile.
        • cheriot 3y ago
          The place I work has physical security, baristas, and random other staff in an expensive city. Tbh I don't know what they make.
          • MaxHoppersGhost 3y ago
            The people we have like that at my startup are contractors and may be out of work a short bit but their agency will just move them elsewhere when something comes up.
            • cheriot 3y ago
              Mostly direct employees here. Usually I'd think that's better, but ...
        • mixdup 3y ago
          under $200k isn't a massive amount of money especially if you have a couple of kids and live in a high cost of living area. You definitely shouldn't be paycheck to paycheck but it would definitely be in the realm of "oh shit" if you lost it and your health insurance (again, especially if you had kids) overnight versus a CEO who may be making double or triple that, and knew the end might be coming and started saving up extra
• givemeethekeys 3y ago
  Probably because they're the hardest working people in the company and deserve it more /s.