this post was submitted on 13 Jan 2025
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Sonos CEO behind disastrous app exits with $1.9 million severance (arstechnica.com)
submitted 1 day ago by some_guy@lemmy.sdf.org to c/technology@lemmy.world
62 comments fedilink hide all child comments
 

Spence will receive a cash severance of $1,875,000, per SEC filings. He will also get $7,500 per month and serve as a Sonos board advisor until June, and his unvested shares will vest.

If I was this bad at my job, I'd be shitcanned with no compensation. It's pretty cool how we reward failure at the highest levels.

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[โ€“] billwashere@lemmy.world 47 points 1 day ago (1 children)

Quibi?! The streaming company whose business plan was so bad it lasted like 6 months. That sure inspires confidence.

[โ€“] deegeese@sopuli.xyz 11 points 1 day ago

Said another way, the company that broke production just hired the guy who ran the backend of Pandora Radio for 10 years and not once did he make headlines for an outage.