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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.