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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[–] ByteOnBikes@slrpnk.net 3 points 23 hours ago

"Go big or go home!" The CEO says as they fire 70% of their staff and now have to take a vacation to recharge at their summer beach house. His major concern? His severance package is only $3 million when his last place gave him $12 million. But this next coke-fueled idea will absolutely get them back to the top!