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.
Give that amount of money to anyone with the most basic of simple financial management and they wouldn’t have to work a day in their entire life while living a very decent life. Almost $2M at 5% growth, below the total historical performance of the stock market, is $100,000 per year for doing nothing except sitting on money. Any amount of that which is reinvested compounds exponentially.