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"Directors and officers" are a special legal category, basically the highest-ranking people making material decisions about the business day-to-day. They are su
by PumpkinSpice 3y ago
"Directors and officers" are a special legal category, basically the highest-ranking people making material decisions about the business day-to-day. They are subject to special reporting requirements, such as having to file paperwork whenever selling or buying stock (which usually needs to happen under a trading plan). They often have specialized contracts, company-provided liability insurance, and a variety of perks you associate with "real" executives at public companies - from corporate jets to eight-figure salaries. We're talking about the CEO, CFO, CTO, and so on.
This is similarly-sounding but completely separate from the "director" job level at a typical tech company, which is basically just a senior manager of a large team or maybe the lead of a mid-size department. Your average CISO is probably in this ballpark, commonly at least 2-3 reporting levels below real C-leadership.
- metaphor 3y agoThis. With respect to SolarWinds, we need only defer to their proxy statement to discover who the real shotcalling directors[1] and executives[2] are. [1] https://www.sec.gov/Archives/edgar/data/1739942/000173994223000040/swi-20230412.htm#i8b2d2cf6caeb42449882d7d969636e4f_13 https://www.sec.gov/Archives/edgar/data/1739942/000173994223... [2] https://www.sec.gov/Archives/edgar/data/1739942/000173994223000040/swi-20230412.htm#i8b2d2cf6caeb42449882d7d969636e4f_109 https://www.sec.gov/Archives/edgar/data/1739942/000173994223...