Spence will receive a cash severance of $1,875,000, per SEC filings. He will also get $7,500 per month and serve as a Sonos board advisor until June, and his unvested shares will vest.
If I was this bad at my job, I’d be shitcanned with no compensation. It’s pretty cool how we reward failure at the highest levels.
Honestly the biggest issue is the rinse repeat part. Anyone can fuck up. But they just get to do it all over again because they have no shame.
Boards and executive suites are filled with people who repeatedly ruin companies and then just do it to the next one.