3 ms·
> Or when our paycheck is going to be multiplied accordingly. That doesn't increase shareholder value, so it would be a violation of the c-suite's fiduciary re
by ux266478 5mo ago
> Or when our paycheck is going to be multiplied accordingly.
That doesn't increase shareholder value, so it would be a violation of the c-suite's fiduciary responsibility. Sorry, the extra capital will instead be used on stock buybacks.
- rootusrootus 5mo ago<insert required disclaimer here that fiduciary duty does not require using every opportunity to increase shareholder value>
- twbarr 5mo agoFiduciary responsibility also requires long-term thinking. If AI is writing the code, I need the smartest, most well-rested supervisors I can get.
- jmye 5mo ago> Sorry, the extra capital will instead be used on stock buybacks. Given how start-up (and thus equity) heavy this board is, that should also directly multiply total comp, even though it was meant as a vapid snipe and isn't actually vaguely valid outside of a handful of very large companies.