Zoom CEO - reducing his salary and foregoing 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. To that end, I am reducing my salary for the coming fiscal year by 98% and foregoing my FY23 corporate bonus. Members of my executive leadership team will reduce their base salaries by 20% for the coming fiscal year while also forfeiting their FY23 corporate bonuses. " https://blog.zoom.us/a-message-from-eric-yuan-ceo-of-zoom/ #layoffs
Zoom Blog
Good gesture. That's all
Good! Better than other CEOs being "accountable" without any impact to themselves.
4 billion net-worth. His base is 300k. How can that guy eat?
Other CEOs aren't even doing that. What is Zuckerberg's paycut? Dude has enough money for 10 generations and more.
Hey. Atleast he’s not all talk and doing something good
Lol. He should forgo his entire salary and rsus. His base salary is less than mine, yet people are eating this up. Lol.
How does everyone in this thread know his base salary? How much is it?
How much loss are we talking about?
98% base. 98% of 300k for the year 2023. His net worth is 4B. I don’t think this guy can survive for too long. Will die of starvation.
His base was less than mine