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> hire smart people.. leave them.. alone so they can work If leadership who set this policy wanted the same for themselves, then.. s/it was bought/it lost at
by walterbell 1y ago
> hire smart people.. leave them.. alone so they can work
If leadership who set this policy wanted the same for themselves, then..
s/it was bought/it lost at financial warfare and had to sell/
Some companies with similar policy have lasted decades as an independent anomaly of success, some only manage a few years.
- hadlock 1y agoA company can sell for any number of reasons. Executives might have most of their compensation package locked up in performance shares that only pay out when the company exits. Heck, a lot of "executives" are just contractors with health insurance whose key payout is dependent on increasing the value of the company ahead of an exit.
- walterbell 1y agoNegotiating compensation packages is step N of M in corporate financial warfare. Board of Directors and executives can choose to compromise the independence of the company, or not, when negotiating compensation packages. They can also choose to align their financial success with the long-term success and financial independence of the company.