Meta approves plan for bigger executives bonuses following 5% layoffs
Meta's executive officers could earn a bonus of 200% of their base salary under the company's new executive bonus plan, up from the 75% they earned previously.
cross-posted from: https://lemmy.nz/post/19593613
Executives at Meta stand to get bigger bonuses this year.
A committee for Meta’s board of directors approved the change on Feb.13 after determining that the “target total cash compensation” for its executives “was at or below the 15th percentile of the target total cash compensation of executives holding similar positions” at peer companies.
Robber barons keep stealing from you, while you get poorer.
It’s insane that the people that determine their own wages tend to pay themselves more on average. And when they determine the wages of others, it tends to go up way slower.
Hey, we’re losing customers left and right. What should we do?
“I know, let’s give ourselves a raise!”
These greedy motherfuckers... Jesus fucking christ!
I have been locked out of my fb for a month because they have NO support staff but fuck yeah I guess they earned a bonus somehow.