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.
“Go big or go home!” The CEO says as they fire 70% of their staff and now have to take a vacation to recharge at their summer beach house. His major concern? His severance package is only $3 million when his last place gave him $12 million. But this next coke-fueled idea will absolutely get them back to the top!