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submitted 1 year ago by ylai@lemmy.ml to c/technology@lemmy.world
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[-] maynarkh@feddit.nl 14 points 1 year ago

Not by next quarter. By the time that happens, this set of execs will be already at the next company.

[-] bluGill@kbin.social 1 points 1 year ago

Often execs stick around longer than that.

[-] maynarkh@feddit.nl 2 points 1 year ago

Even if they do, they get bonuses for short term stock gain, not long term stuff. If the going gets bad, they totally do bail. Some companies - khm Reddit khm - even bring in execs just to take a fall when that happens, only for the same guys who set the problem up to take back the reins after the fallout.

[-] bluGill@kbin.social 0 points 1 year ago

They generally have a large part of their net worth in company stock and are getting options. Thus long term matters.

[-] Maddier1993@programming.dev 1 points 1 year ago

It's supposed to work like that. You're naive to think it actually does work like that for a majority of companies nowadays.

“By next quarter” would be Proxmox

this post was submitted on 08 Apr 2024
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