this post was submitted on 14 Jun 2023
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I thinks costs could be trimmed a ton in a lot of companies. Although that likely means layoffs and not lower salaries for the executive team.
IMO, exec salaries (and any equity grants) should be exclusively tied to company profitability but that's one of those things that'd never happen in a million years.
There's just no incentive to build sustainable businesses when you're working with free money and I think a lot of tech firms (not just social media ones) are going to crash land over the next couple of years.
well, technically giving Stock as salary/compensation is tied to company profitability. But I don't think that's working for now because the awarded stock amount is adjusted so the monetary value not changed at the time of receiving the stock itself.