3 ms·

Thanks for replying but I think you might be confused a little. There's no comparing a FAANG engineer with a CEO. The former won't be able to live comfortably f

Thanks for replying but I think you might be confused a little. There's no comparing a FAANG engineer with a CEO. The former won't be able to live comfortably for the rest of their lives with an engineer's severance package. The latter absolutely can.

slt2021 2y ago
you are confused if you dont understand the reason why CEOs have big severance while engineers have smaller severance
- bitcharmer 2y ago
  Maybe, care to elaborate further?
  - slt2021 2y ago
    CEOs dont have an option to jump ship. All their actions are scrutinized heavily since they are public. By accepting CEO job they accepting a risk this could be their last CEO job ever, if they mess up. Thats why they require golden parachute. If you want to hire CEO, that means your company is in trouble and desperately need good steward. You want to hire strong CEO, but he is taking a risk that he demands to be compensated for in case you change your mind want to change CEO again. with engineers - risk is smaller, plenty of engineers just jump ship to another company (and many even get a pay bump) after failing at current job. Thats why severance is smaller than CEO
    - bitcharmer 2y ago
      This makes no sense. CEO job carries zero risk if there's a golden parachute attached to it.
      - slt2021 2y ago
        risk is not zero, since golden parachute is usually less than potential lifetime earnings as CEO (for top tier candidate). CEO may get $20 min as severance, but would potentially lose hundreds of mils had he not taken this job, and instead pursued another job that lasted for longer
    - fennecfoxy 2y ago
      There are tonnes of CEOs that fuck up and still get jobs as CEOs at other companies. They all go to the same private schools/universities, they've all done MBAs and they all continue to socialise through their careers. Same situations with politicians and police forces, they create a club whereby all members are unduly supported.

slt2021 2y ago

you are confused if you dont understand the reason why CEOs have big severance while engineers have smaller severance

bitcharmer 2y ago
Maybe, care to elaborate further?
- slt2021 2y ago
  CEOs dont have an option to jump ship. All their actions are scrutinized heavily since they are public. By accepting CEO job they accepting a risk this could be their last CEO job ever, if they mess up. Thats why they require golden parachute. If you want to hire CEO, that means your company is in trouble and desperately need good steward. You want to hire strong CEO, but he is taking a risk that he demands to be compensated for in case you change your mind want to change CEO again. with engineers - risk is smaller, plenty of engineers just jump ship to another company (and many even get a pay bump) after failing at current job. Thats why severance is smaller than CEO
  - bitcharmer 2y ago
    This makes no sense. CEO job carries zero risk if there's a golden parachute attached to it.
    - slt2021 2y ago
      risk is not zero, since golden parachute is usually less than potential lifetime earnings as CEO (for top tier candidate). CEO may get $20 min as severance, but would potentially lose hundreds of mils had he not taken this job, and instead pursued another job that lasted for longer
  - fennecfoxy 2y ago
    There are tonnes of CEOs that fuck up and still get jobs as CEOs at other companies. They all go to the same private schools/universities, they've all done MBAs and they all continue to socialise through their careers. Same situations with politicians and police forces, they create a club whereby all members are unduly supported.