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A comment on Stripe Layoff 14% of Workforce. Parent comment

Re:Stripe Layoff 14% of Workforce by ChrisMarshallNY on Thursday November 03, 2022 @10:59AM (#33452036)
That's actually not uncommon in Japan. CEOs are basically married to their companies, and take their performance quite personally.

Also, Japanese execs are paid substantially less than their US/UK counterparts.

I doubt that it has happened in quite a while, but there have been CEOs that have committed suicide, when their companies failed.

Doubt that will catch on, in the US.

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Re:Stripe Layoff 14% of Workforce by rippercushions on Thursday November 03, 2022 @11:20AM (#33452391)
The salaries of Japanese execs are indeed tiny by US standards. However, as Kalzumeus says, instead of paying money so you can buy status, Japanese companies give status directly: company cars with drivers, company villas, very generous expense accounts, etc etc.
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Re:Stripe Layoff 14% of Workforce by ChrisMarshallNY on Thursday November 03, 2022 @11:42AM (#33452745)
Similar to the US entertainment industry.

A lot of the nice stuff that musicians and actors have, is actually owned by the company.

Gilded cage, so to speak.

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