Spotify CFO cashes in £7.2M in shares after value surges on news of job cuts
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Re: Spotify CFO cashes in £7.2M in shares after value surges on news of job cuts
#2Why do so many tech executives seem to make the actual worst decisions possible when it comes to symbolic leadership?
Re: Spotify CFO cashes in £7.2M in shares after value surges on news of job cuts
#3I mean -- do you want him to sell when the price is low?
Re: Spotify CFO cashes in £7.2M in shares after value surges on news of job cuts
#4Why do so many tech executives seem to make the actual worst decisions possible when it comes to symbolic leadership?
inherent selfishness
Re: Spotify CFO cashes in £7.2M in shares after value surges on news of job cuts
#5Why do so many tech executives seem to make the actual worst decisions possible when it comes to symbolic leadership?
The executive class isn't there to provide leadership, they're there to extract value.
Re: Spotify CFO cashes in £7.2M in shares after value surges on news of job cuts
#6Why do so many tech executives seem to make the actual worst decisions possible when it comes to symbolic leadership?
Keep in mind they don't write articles about executives cashing in stock in unexceptional times.
Re: Spotify CFO cashes in £7.2M in shares after value surges on news of job cuts
#7I mean -- do you want him to sell when the price is low?
yes, but he probably caused the price to rise for his own benefit
Re: Spotify CFO cashes in £7.2M in shares after value surges on news of job cuts
#8Why do so many tech executives seem to make the actual worst decisions possible when it comes to symbolic leadership?
not smart enough to realise that the transactions are public and it may end up in the press
completely destroying their reputation in the process
Re: Spotify CFO cashes in £7.2M in shares after value surges on news of job cuts
#9Of course he does. Now why would anyone want to work for these guys at Spotify (should they ever hire again)?
Re: Spotify CFO cashes in £7.2M in shares after value surges on news of job cuts
#10I mean -- do you want him to sell when the price is low?
Maybe the CFO can take one for the team, just once. Maybe cut their own pay to keep a few employees around instead of laying them off. Just a little selflessness, as a treat.