Meta approves plan for bigger executive bonuses following 5% layoffs
www.cnbc.com
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.
  • BrikoX@lemmy.zipOPMEnglish
    36·
    2 days ago

    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.

    • danc4498@lemmy.worldEnglish
      7·
      2 days ago

      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.