Spence will receive a cash severance of $1,875,000, per SEC filings. He will also get $7,500 per month and serve as a Sonos board advisor until June, and his unvested shares will vest.
If I was this bad at my job, I’d be shitcanned with no compensation. It’s pretty cool how we reward failure at the highest levels.
I wish I could be such a PoS where I join a company, propose a massive investment into something, see it’s failure and firing a bunch of staff, then bounce with a nice severance package to join a new company to repeat that over and over again.