Sure, they are lowering their pay with .50%
Comment on Intel discloses $7 billion operating loss for chip-making unit.
tsonfeir@lemm.ee 2 months ago
So all the C-Suite is taking a pay cut, right?
stoy@lemmy.zip 2 months ago
frosty@pawb.social 2 months ago
Ha… Haha… Hahaha… AHAHAHAHA
GissaMittJobb@lemmy.ml 2 months ago
Not to say that it’s a sufficient penalty for the C-suite, but their compensation packages generally consist of stock options in the company, meaning that the share price decline following unexpected negative events translate into a large pay cut for them.
andrew@lemmy.stuart.fun 2 months ago
Then they’ll fight for more stock later to be “made whole.”