Meta approves plan for bigger executive bonuses following 5% layoffs
www.cnbc.com
Meta's executive officers could earn a bonus of 200% of their base salary under the company's new executive bonus plan, up from the 75% they earned previously.
  • hark@lemmy.world
    7·
    16 hours ago

    The same Meta that pissed away billions of dollars on “the metaverse” because the super genius Fuckerberg had some grand vision that he felt so strongly about that he even had the company renamed to reflect this vision?

    It’s never the so-called leaders who suffer when they make poor decisions even though their job is to call all the shots, but they’re always first in line to reap the rewards off of all the people who actually do the work.

  • breadsmasher@lemmy.worldEnglish
    60·
    2 days ago

    of course. gut the workers to pay for the executives yachts. how is this is legal boggles my mind.

    tHe AmErIcAn DrEaM

    • AtariDump@lemmy.world
      3·
      13 hours ago

      “They call it the American Dream because you’d have to be asleep to believe it!” - George Carlin

    • WhatAmLemmy@lemmy.worldEnglish
      131·
      1 day ago

      It’s legal because we live in corporate dictatorships masquerading as “democracy”.

    • ofcourse@lemmy.ml
      8·
      1 day ago

      Not only is it perfectly legal but the executives would argue that they are bound by their fiduciary duty to their shareholders. Layoffs increase stock price => shareholders make money => shareholders approve bonus for executives.

  • lobut@lemmy.ca
    32·
    2 days ago

    I like how they keep needing tax breaks and shit because they provide jobs.

  • LuxSpark@lemmy.cafeEnglish
    19·
    2 days ago

    Executives, surely the most valuable assets for a company. Who would reorg and layoff without these underpaid geniuses?

  • Soup@lemmy.world
    14·
    2 days ago

    Intel CEO is leading that company as it just falls further and further behind. They laid off a bunch of people and got rid of a lot but they still gave him a $6mil bonus.

    We don’t even really get bonuses when we do super well but these fuckwits will get millions of dollars while their choices actively destroy the company they’re supposed to working for.