Meta approves plan for bigger executives bonuses following 5% layoffs
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.
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.
Those brave executives deserve huge bonuses after standing up against the little man.
of course. gut the workers to pay for the executives yachts. how is this is legal boggles my mind.
tHe AmErIcAn DrEaM
“They call it the American Dream because you’d have to be asleep to believe it!” - George Carlin
It's legal because we live in corporate dictatorships masquerading as "democracy".
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.
I like how they keep needing tax breaks and shit because they provide jobs.
Tax breaks only for companies that haven't fired anyone in the past two years.
Congrats; everyone is now a contractor and they don’t have to fire anyone - they just don’t renew contracts.
Executives, surely the most valuable assets for a company. Who would reorg and layoff without these underpaid geniuses?
Zuckerturds looking like evil Beaker lately.
ME ME ME ME ME ME
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.
Imagine the amount of human centipede like fart sniffing must go on in that boardroom.
So inexorably divorced from reality.
No shock there.
gotta get that Bugatti somehow