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Re:A Message from Eric Yuan, CEO of Zoom by HollywoodZro on Tuesday February 07, 2023 @01:27PM (#34696838)
The big thing would be for Mr. Yuan to forgo his equity grant for FY23 and also take his equity grant from FY22 and distribute that as severance for the employees who lives are impacted negatively due to the decisions of executives in the organization.

That truly means "taking ownership" of what happened.

The individuals leaving were not the ones who hired or authorized the hires without the evaluation of long-term viability for the organization. They were just doing their jobs.

Re:A Message from Eric Yuan, CEO of Zoom by lazide on Tuesday February 07, 2023 @01:39PM (#34697045)
That isn’t taking ownership, that’s falling on your sword.

There is a difference.

Re:A Message from Eric Yuan, CEO of Zoom by orangesite on Tuesday February 07, 2023 @01:49PM (#34697192)
Falling on your sword is literally exactly what accountability used to be.

…and the stakes are even higher today if you count the number of people impacted by poor decisions.

Re:A Message from Eric Yuan, CEO of Zoom by lazide on Tuesday February 07, 2023 @02:00PM (#34697409)
Cite?

Accountability means (from every definition I’ve found!) taking responsibility for one’s actions and their consequences.

Falling on one’s sword has, from what I’ve always read, has been portrayed as someone accepting too much responsibility, to the point they actually avoid dealing with the consequences of their actions and make the situation worse overall by killing themselves.

After all, no need to actually work hard making amends or doing better if you’re dead, eh?

And it can even make the person doing it somewhat of a martyr, even if they created the whole situation to begin with, as it can make it look like those calling for it or pushing for retribution were actually just looking for a scapegoat and the dead one is actually a victim.

Re:A Message from Eric Yuan, CEO of Zoom by s1artibartfast on Tuesday February 07, 2023 @03:04PM (#34698615)
I have never heard your definition.

My connotation has always been ritual suicide.

E.g. Seppuku in Japan, captains going down with the ship, ect.

The origin of the phrase in the west stems from the roman practice of military ritual suicide following defeat. It was more a matter of honor than seeking victimhood.

A captured general represented an embarrassment to the empire, provides the enemy with a hostage, and would likely be tortured to give up information. Suicide in defeat was honorable as it served the empire and denied the enemy leverage.

https://en.wikipedia.org/wiki/Category:Ancient_Roman_militar...

https://en.wikipedia.org/wiki/Censorinus_(died_53_BC)

https://www.jstor.org/stable/43830420

Re:A Message from Eric Yuan, CEO of Zoom by wheelinsupial on Tuesday February 07, 2023 @04:20PM (#34699835)
Are you talking about "accountability" or "falling on your sword?"
Re:A Message from Eric Yuan, CEO of Zoom by s1artibartfast on Tuesday February 07, 2023 @04:25PM (#34699909)
I'm talking about the meaning and entomology of falling on your sword.

That said, I think it is a huge stretch to translate this history to the context of CEO accountability.

Re:A Message from Eric Yuan, CEO of Zoom by wheelinsupial on Tuesday February 07, 2023 @04:30PM (#34700004)
Thanks for clarifying. I was having a really tough time understanding your response. I thought you were saying you hadn't heard the dictionary definition that lazide was quoting, and were saying lazide made that definition up and you had a different definition you made up that doesn't match.
Re:A Message from Eric Yuan, CEO of Zoom by jholman on Wednesday February 08, 2023 @01:13AM (#34704749)
What does this have to do with the study of insects?
Re:A Message from Eric Yuan, CEO of Zoom by lazide on Tuesday February 07, 2023 @04:23PM (#34699888)
Are you referring to 'falling on your sword', or 'accountability' in your response? Some of your examples are not equivalent to falling on their sword. Notably, going down with the ship is the opposite (in some ways), as it is 'fighting to the end to save the ship and it's people'.

If someone (going down the ship wise) doesn't get on a lifeboat when everyone else has already gotten off, then yeah it's probably more about avoiding actual accountability (aka having to stand and take responsibility/long term consequences).

Regarding Victimhood/Martyrdom, there are many apocryphal accounts and personal anecdotes one can throw out. You'll get stories anyone in senior leadership when a CEO gets pushed out, to [https://en.wikipedia.org/wiki/Ch%C5%ABshingura] (specifically Lord Asano), to Gnaeus Domitius Corbulo [https://en.wikipedia.org/wiki/Gnaeus_Domitius_Corbulo], and many others.

Sometimes folks want blood, and they won't be satisfied until they get it. And often someone either stupidly volunteers (actually), or gets 'volunteered' by their boss.

Also, how is killing yourself quickly and (relatively) painlessly after a military failure NOT the relatively easy way out - instead of say, dying while fighting the enemy to the death (probably horribly disfigured and maimed in the process), or dying in torture while not giving anything up, or dying while trying to save the ship and the other crew, or returning in shame and being a social outcast, or dying after being shamed in trial followed by an execution, etc.

Literally all those other options can seem a whole lot harder than a gladius through the solar plexus at the moment. Also, notably, sometimes folks had 'help' on that last bit, though rarely was it featured prominently in the PR.

Seppuku - similar. Rather than 'living with dishonor' (aka being outcast from a insular and all encompassing society), or having to stand trial and defend yourself and getting shamed then executed anyway, etc. it's killing yourself 'with honor', so your family doesn't get their benefits taken and similarly outcast (as badly). Seppuku generally involves the second beheaded the person before they've had a chance to suffer much too, though there have been famous 'mistakes' made at times.

It also could be ordered by the Daimyo, Shogun, etc. and it was pretty common (from accounts at the time) for folks to be thrown under the bus and ordered to commit it if they didn't succeed at what the lord had ordered them to do or were just being inconvenient to the narrative. Including significant 'help' from seconds. Which is, well, pretty much the example of a scapegoat.

Re:A Message from Eric Yuan, CEO of Zoom by s1artibartfast on Tuesday February 07, 2023 @05:08PM (#34700485)
I am addressing what you said here:

>Falling on one’s sword has, from what I’ve always read, has been portrayed as someone accepting too much responsibility, to the point they actually avoid dealing with the consequences of their actions and make the situation worse overall by killing themselves.

Yes there are differences in my examples. Captains are on boats, and Samurai are in Japan. I'm not trying to say they are identical in every way.

The common factor is that these actions are all seen as honorable positive within the context of the society where they took place.

I get that you might have your own personal take and values on these types of actions. People could have suffered more or made a more utilitarian Choice if their objective was the greater social good.

Yes, I'm sure many people have been made to fall on their sword as patsies. However, I don't think that changes the common understanding of the idiom, or how the practice was viewed in the historical context.

You may see it as the coward's way out to avoid living with shame or fixing your problems, which is fine. I just don't think it is an accurate depiction of how contemporaneous people viewed it. People did not look at a captain going down with the ship or a general falling on their Gladius as a coward dodging their responsibilities. I don't think most people today feel that way either, but obviously there are exceptions with you being one

Re:A Message from Eric Yuan, CEO of Zoom by lazide on Tuesday February 07, 2023 @05:43PM (#34700926)
You got a very different take than what I wrote - especially in the captain going down the ship example.

Unless the Captain saw everyone off in lifeboats and then stayed on the ship (very unlikely), it’s far from what you are describing and I was clear on that.

I also pointed out that the actual reality on the ground is almost never what the mental image or PR is meant to instill, and is often (in reality) a way to take someone out somewhere and pin all the blame on them.

I very much doubt, for instance, in ANY of those examples I gave, they actually did what they were said to have done in the way and for the reasons they were said to have done it.

But there are situations where it definitely is the easier way out to do it that way literally.

Someone who gets into an obstinate fight with a boss over a minor issue, or who does something common and then when it turns out it’s a problem stands up and tries to defend it, and then gets fired, would be a common use of the idiom in my experience.

A Phyrric victory, ‘he picked that hill to die on’, he died tilting at windmills’, etc. could also be used.

Re:A Message from Eric Yuan, CEO of Zoom by simplotek on Tuesday February 07, 2023 @06:35PM (#34701583)
> Falling on your sword is literally exactly what accountability used to be.

I wonder if you hold this level of rigour towards your own failings and shortcomings, or if this desire is directed exclusively at everyone besides yourself.

Re:A Message from Eric Yuan, CEO of Zoom by lazide on Wednesday February 08, 2023 @12:10PM (#34711136)
“For my friends, everything. For my enemies? The law.” - Oscar R. Benavides, President of Peru from 1933 to 1939
Re:A Message from Eric Yuan, CEO of Zoom by ericd on Tuesday February 07, 2023 @08:57PM (#34703106)
The people being laid off have to go find another highly overpaid job. Somewhat distressing, to be sure, but in the scheme of what you're talking about, not really high stakes at all. Failure in the cases you're comparing it to usually involved death for a large number of people. The stakes are nowhere near the same.
Re:A Message from Eric Yuan, CEO of Zoom by jo6gwb on Tuesday February 07, 2023 @01:50PM (#34697217)
I think the reason we don't see other CEOs acting like Mr. Yuan is because of this sentiment. Whatever you do, it will never be enough.
Re:A Message from Eric Yuan, CEO of Zoom by kelseyfrog on Tuesday February 07, 2023 @02:08PM (#34697549)
We tell ourselves perfect is the enemy of good and then try anyways. But it seems like they get to say, perfect is the enemy of good, so I'll give up before I start. It's this difference in character that creates greater division rather than lessening it.
Re:A Message from Eric Yuan, CEO of Zoom by neon_electro on Tuesday February 07, 2023 @01:57PM (#34697329)
Perhaps "we" need to do a better job defining what "enough" is, then? So that we don't allow the goalposts to be moved.

People lost their livelihoods, and in the US, their access to affordable healthcare until they figure out a new solution or get a new job.

Re:A Message from Eric Yuan, CEO of Zoom by simplotek on Tuesday February 07, 2023 @06:34PM (#34701572)
> Whatever you do, it will never be enough.

To be fair, it's only a pair of random internet forum posters who are complaining that this is not enough. There are plenty of people in this discussion arguing otherwise.

Re:A Message from Eric Yuan, CEO of Zoom by fatnoah on Tuesday February 07, 2023 @01:52PM (#34697244)
They haven't released 2022 financials, but for 2021 base + bonus for Mr. Yuan was about $313,000 and he received ~8400 RSUs (about $670k at today's price), which fully vest on April 8. Additionally, it looks like he received an RSU grant of 612,000 shares on July 8, that vest quarterly over 4 years.

So, for those keeping track, Mr. Yuan is giving up about $300k in cash, but still receiving about $13M in stock. That's a 2.3% level of "accountability".

Re:A Message from Eric Yuan, CEO of Zoom by nazka on Tuesday February 07, 2023 @01:57PM (#34697337)
Wow ok.. Your comment should be on the first node all the way up. That’s really different from what I was imagining!
Re:A Message from Eric Yuan, CEO of Zoom by SQueeeeeL on Tuesday February 07, 2023 @02:09PM (#34697560)
I feel like this is a weird comment. There has basically never been a CEO taking meaningful accountability for a company failing. Taking a reasonable chunk of one's wealth and giving it to fired employees is actually remarkable, even if it's not as large as it could be
Re:A Message from Eric Yuan, CEO of Zoom by nickff on Tuesday February 07, 2023 @02:33PM (#34698074)
Laying off employees is not 'the company failing'; he reports to investors, not employees. The employees have very little on the line with respect to the company.
Re:A Message from Eric Yuan, CEO of Zoom by SQueeeeeL on Tuesday February 07, 2023 @03:30PM (#34699047)
Damn, whoever made a comment has probably has never had a job that's genuinely engaged them (and certainly has never been unexpectedly laid off). What a sad reality most people's jobs are :(
Re:A Message from Eric Yuan, CEO of Zoom by lrvick on Tuesday February 07, 2023 @07:18PM (#34702023)
Working for someone else's company means you are a tool to generate profit. That does not mean you cannot enjoy it, and your team, and even make some friends. Still it is vital to understand the business itself is not a family. Companies that pretend to be families seek to build stockholm syndrome which will make you unwilling to look for a better deal for your talent.

It also makes it hurt more when you are laid off and the illusion is broken.

You only ever work for yourself. A single employer means you have a single client. It also means you only have one source of income. That is always risky, because work done for others is always temporary. Honestly full time employment is way way -more- risky than being an independent contractor with a few small predictable retainer contracts.

Also key to remember is that no matter how rewarding and interesting the work is you will eventually lose access to that too unless you fought hard enough for it to be open source.

Re:A Message from Eric Yuan, CEO of Zoom by jholman on Wednesday February 08, 2023 @01:10AM (#34704734)
I've been unexpectedly laid off, and I've had at least one job that genuinely engaged me, and I think that laying off employees, or firing employees, or otherwise terminating employees, is not evidence that a company has failed, or that the CEO has failed, or any of those things.

If you want a job where losing that job is tantamount to company failure, start your own business. When it fails (and statistically it probably will), your failure will also lead to your job loss. Congratulations.

If you "have a job", you're accepting being a cog in a machine that's primarily not about you. I make that trade-off, as do most people, but don't mislead yourself about what's going on.

Re:A Message from Eric Yuan, CEO of Zoom by fijiaarone on Tuesday February 07, 2023 @11:18PM (#34704076)
They killed Ken Lay after destroying his company.
Re:A Message from Eric Yuan, CEO of Zoom by s1artibartfast on Tuesday February 07, 2023 @02:52PM (#34698419)
It is all in the noise financially. Mr. Yuan owns 22% of the company. He owns 22% of the salary savings on the balance sheet.
Re:A Message from Eric Yuan, CEO of Zoom by jonas21 on Tuesday February 07, 2023 @03:19PM (#34698849)
In other words, he's lost $30B in the last ~2 years. Seems like a fair amount of accountability to me.
Re:A Message from Eric Yuan, CEO of Zoom by s1artibartfast on Tuesday February 07, 2023 @03:25PM (#34698966)
Yes, I agree that his ownership position gives him direct financial accountability for the performance of the company. He does well when it does well.

That said, the swings tech stock over the last couple years have very little to do with his leadership. Yuan is not responsible for the tech bubble and its deflation. No human on the planet could have made zoom hold its peak stock price.

Re:A Message from Eric Yuan, CEO of Zoom by gadflyinyoureye on Tuesday February 07, 2023 @08:29PM (#34702849)
Keep in mind that his income is probably not what he lives on. He probably gets loans with the stock. That 500 mill bump probably got him a large loan.
Re:A Message from Eric Yuan, CEO of Zoom by s1artibartfast on Wednesday February 08, 2023 @12:13AM (#34704389)
He probably doesn't need more stock borrow against if he has billions of dollars of equity already and a seven digit annual compensation. His stock transfers and sales are public information so you can look that up if you want. A cursory search shows that he sold at least 50 million dollars worth, which should cover some daily expenses
Re:A Message from Eric Yuan, CEO of Zoom by georgeg23 on Tuesday February 07, 2023 @03:26PM (#34698975)
Given the stock went up 9% on this announcement, he just made $500M.
Re:A Message from Eric Yuan, CEO of Zoom by missedthecue on Tuesday February 07, 2023 @03:40PM (#34699206)
Against the backdrop of losing like $5 billion over the past 12 months.
Re:A Message from Eric Yuan, CEO of Zoom by actually_a_dog on Tuesday February 07, 2023 @05:53PM (#34701044)
So? What's the functional difference between $6 billion and $1 billion (which is roughly what Google says his current net worth is). Unless your net worth is $500M or more, you're closer to being homeless than ever seeing that kind of wealth.
Re:A Message from Eric Yuan, CEO of Zoom by simplotek on Tuesday February 07, 2023 @06:32PM (#34701545)
> So?

It doesn't make sense to accuse someone of not feeling the economic impact of a downturn at all while downplaying the fact that they actually lost $5billion.

Re:A Message from Eric Yuan, CEO of Zoom by actually_a_dog on Tuesday February 07, 2023 @06:40PM (#34701639)
If there's no functional difference between before and after the loss, it damn well does.
Re:A Message from Eric Yuan, CEO of Zoom by che_shirecat on Tuesday February 07, 2023 @08:04PM (#34702590)
classic example of moving the goalposts
Re:A Message from Eric Yuan, CEO of Zoom by actually_a_dog on Tuesday February 07, 2023 @08:36PM (#34702923)
I haven’t moved anything. You just didn’t know where my goalposts were to begin with.
Re:A Message from Eric Yuan, CEO of Zoom by MonkeyClub on Wednesday February 08, 2023 @06:33AM (#34706760)
You guys are going at it like cats and dogs.
Re:A Message from Eric Yuan, CEO of Zoom by simplotek on Wednesday February 08, 2023 @08:11AM (#34707510)
> Tell me, how did his lifestyle change (...)

If you were serious or had devoted any thought into the issue you wouldn't even consider the silliness of framing a $5billion loss as a lifestyle issue.

Re:A Message from Eric Yuan, CEO of Zoom by missedthecue on Thursday February 09, 2023 @12:10AM (#34720024)
In that case, how did his life change from his net worth going up 9% after layoffs? Which was the comment I replied to.
Re:A Message from Eric Yuan, CEO of Zoom by jimbokun on Tuesday February 07, 2023 @11:48PM (#34704252)
5 billion dollars.
Re:A Message from Eric Yuan, CEO of Zoom by listenallyall on Wednesday February 08, 2023 @03:47AM (#34705717)
His point, which you failed to address with your smug response, is the well-understood fact that the utility value of money falls greatly, the more money one has. The utility of 5 billion dollars is essentially zero to someone who already has a billion.
Re:A Message from Eric Yuan, CEO of Zoom by jimbokun on Wednesday February 08, 2023 @12:52PM (#34711862)
The marginal utility falls, but it's a hell of a lot more than zero.
Re:A Message from Eric Yuan, CEO of Zoom by listenallyall on Wednesday February 08, 2023 @07:11PM (#34717726)
Other than ownership of an NFL/NBA/Premier League/etc sports team, what life satisfaction or happiness improvements are unavailable to a one-billionaire?
Re:A Message from Eric Yuan, CEO of Zoom by jimbokun on Friday February 10, 2023 @12:05PM (#34742413)
Many people would love to own a major sports team.
Re:A Message from Eric Yuan, CEO of Zoom by s1artibartfast on Tuesday February 07, 2023 @03:44PM (#34699284)
He didn't make the money because it's unrealized gains, but your point still stands. The market certainly agrees that this is a good direction for the company, and if the market is correct, he will stand to benefit eventually
Re:A Message from Eric Yuan, CEO of Zoom by robertlagrant on Tuesday February 07, 2023 @04:47PM (#34700258)
The phrase "net worth" claims another victim's mind.
Re:A Message from Eric Yuan, CEO of Zoom by vsareto on Tuesday February 07, 2023 @03:00PM (#34698559)
You could take all of his comp, then fire him, then bar him from any work for the next 5-10 years and he'd still probably be a millionaire. In terms of quality of life, he will never face the same situation.

But at the end of the day, he won't work for nothing if you took all of his comp, so fair accountability is not really possible in this light.

Re:A Message from Eric Yuan, CEO of Zoom by Spooky23 on Tuesday February 07, 2023 @05:17PM (#34700595)
It’s symbolic. He built a juggernaut that went from nothing to industry leader in a few years. Just like Cisco did with WebEx, they can park the company for a few years and print billions until the next disruptor arrives.
Re:A Message from Eric Yuan, CEO of Zoom by mvc on Tuesday February 07, 2023 @06:55PM (#34701795)
Indeed. Such a drag to share the spoils with the proles who built such a successful company.
Re:A Message from Eric Yuan, CEO of Zoom by bruce511 on Wednesday February 08, 2023 @12:15AM (#34704395)
Ahh, that confluence where capitalism intersects with socialism.

Did the workers build the company? Did the capital build the company by providing the pay to pay the workers?

Did the workers take any risks? Or did they sign an employment contract, and get paid the same every month regardless of performance? Their only risk, that the contract will end, perhaps unexpectedly [1]?

In the case of small private businesses (which of course the vast majority of businesses are) did the "Capitalist" worry about making payroll this month, get short paid when cash is short, try and predict the future, make tough decisions when things go wrong, and somehow be a human?

Of course the socialists believe the capitalists should keep those people hired forever (or better yet, not hire them to begin with?) - ironically that's what the capitalists want as well. But life happens and hard decisions have to be made.

[1] risk costs money. If you have one employer you are at risk. As much as you can, hedge this risk with liquid savings. This has been good advice for thousands of years. Most workers live so close to poverty that this is unattainable. However folks at (big tech whoever) have the means to do this AND get decent severance, so I'm not crying for them just yet.

Re:A Message from Eric Yuan, CEO of Zoom by mvc on Friday February 10, 2023 @04:34PM (#34746201)
You can bang on about risk all you want but Adam Neuman lost $40bn and still walked away with a billion of his own.