“Yuan said the cuts will impact every organization across Zoom, and employees who are laid off will be offered up to 16 weeks of salary and health-care coverage. The CEO also said he plans to reduce his own salary for the coming fiscal year by 98%, and he is also forgoing his 2023 corporate bonus.” “As the CEO and founder of Zoom, I am accountable for these mistakes and the actions we take today– and I want to show accountability not just in words but in my own actions,” Yuan wrote in the post Feels like he is the CEO who really take the accountability by actions not by words
👏
That is honorable. Even though I know that biggest part of exec earnings are based on stocks, but this is a good start. This is the kind of virtue signaling I can get behind.
I guess stock wise, he has taken a 90% cut anyway due to their stock price
He gave up his Corp bonus. Includes the stock comp
This guy already took a 84.9% cut in equity comp from the peak stock price, so this guy is giving up 98% of base salary on top of said 84.9% SBC cut You’re a rich asshole because you feel no need to redistribute your income to the third world child who strips old electronics by hand to build your cell phone
I would take a step back and look at what he did. He's equity is down 89%. So before you go judge a guy worth $4b , go look inside at your own org....did bozo give up anything while he fired 18000 people?
How much stock is he getting to compensate for this? Lol
Stock price down from $559 to $85 so he’s already taken a huge cut in total stock comp
What a loser
All CEOs are accountable. But some are more accountable than others.
Some integrity is shown here as a ceo
Wow. That’s what leadership looks like
That's real accountability
Cheap stunt. He’s probably got money for like 10 generations at this point.
So how much of his life savings should he give up to make it right?
Never enough for you idiots.
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Way better than the other asshole CEO’s who “take responsibility” in words only and reap all the money still. Similar to how the Japanese executives do things.
Like Mark Zuckerberg who took responsibilities by showing an extremely sad face during all hands
Let's give Zuckerberg some credit. He had to prepare for a whole week to figure out that facial expression.