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What makes you think the executives are making anything from this? It's a startup, it ran out of money, it failed, there is nothing left. Joining a startup is r
by Johnny555 3y ago
What makes you think the executives are making anything from this? It's a startup, it ran out of money, it failed, there is nothing left. Joining a startup is risky.
Because the executives (almost) always make sure that they are compensated before the fall.
- adastra22 3y agoNot when a company shuts down like this. If they did, the investors would claw it all back through the courts. The founders and executives walk away from this with $0.
- wferrell 3y agoNot if they sold secondaries.
- adastra22 3y agoSure they may have made money from a sale months or years ago. But they’re not walking away from this incident with a payout.
- ska 3y ago> The founders and executives walk away from this with $0. Often after having forgone salary for a while, also.
- rchaud 3y agoHow many people are leading a 1500-headcount company on a zero salary? Even Steve Jobs couldn't do it without backdating options to make himself Rockefeller while acting like Gandhi.