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It is astonishing how much money has been doled out to executives at these charging companies, while the company fundamentals have been extremely weak. It is ha

• flerchin 3y ago
  If we pay them more, it's clearly wasteful. If we pay them less, do we expect better results?
  • _ea1k 3y ago
    In the most recent quarter, Chargepoint had $367M in cash and cash equivalents. These large compensation packages suck a surprising amount of working capital out of businesses that already do not have huge runways. I'd expect better results if they focused on saving cash and building the business in a lower cost manner. They are early stage businesses and losses are expected, but they need to focus on the long term and long term compensation plans.
  • rightbyte 3y ago
    Higher profits is better results, so I guess yes?
  • JohnFen 3y ago
    > If we pay them less, do we expect better results? Sometimes, yes. Not speaking about the charging field specifically, but in general there seems to be a compensation level past which you begin to attract less desirable candidates.
    • _ea1k 3y ago
      To some extent, we've developed a system that rewards people for being able to pump the stock. It isn't always a bad thing, but it seems to be going pretty badly for most SPACs.
• foobarian 3y ago
  If you don't pay them that much money, then you'll only be able to attract low-quality talent who won't be good at their job. /s