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"We fired the CEO for being too profit-driven" is a terrible message to send to your employees when you've lured them in with $1m comp packages that mostly cons
by rococode 3y ago
"We fired the CEO for being too profit-driven" is a terrible message to send to your employees when you've lured them in with $1m comp packages that mostly consist of "Profit Participation Units" that are only worth anything when you actually make money.
- plugin-baby 3y ago...unless those engineers are happy with fat salaries and understand that startup equity should be valued at zero.
- ytoawwhra92 3y agoMaybe the executive management shouldn't have used "Profit Participation Units" to attract staff to join a non-profit organisation. Seems like a way to put the incentives and motivations of the staff at odds with the charter of the organisation.