Re:Sonos CEO Patrick Spence steps down after app update debacle
by benreesman on Tuesday January 14, 2025 @12:04AM
(#42693875)
NVIDIA is posting profit margins up there with the Dutch East India Company (check it) on the back of the “agents” that are about to obsolete not just programmers specifically but white collar workers generally.
We’re handing out trillions in cap for press releases.
What on God’s green earth the fuck are you talking about?
Willy nilly? Will Wonka with a chocolate factory is closer to earth.
This is not
> There is absolutely no basis for the sweeping, extraordinary claim that “every publicly listed business” is managed and incentivized around sustainable long-term value.
There has been plenty of research into figuring out how executive compensation can be tied to longer term performance, but “sustainable long term value” is such a nebulous term, I have no idea what it could mean other than a fantasy where people are able to magically measure everything they want.
https://en.wikipedia.org/wiki/Executive_compensation
I only meant to highlight the fact that it is standard practice at publicly listed businesses to hire consultants whose job it is to figure out how to align executives and reward them for achieving long term goals.
Maybe you think the current timetables are not long term enough, or the measures are not correct, but it’s not as if cash is being handed out Willy nilly.