Mike Peditto -Real Career Talk
Region: US
Friday 08 December 2023 16:18:50 GMT
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kylewhitten5 :
Isn't that technically insider trading?
2023-12-08 17:34:36
306
mrkampmann 🇺🇸 :
How is this not considered insider trading? He knew what the stock would do with the layoffs.
2023-12-08 17:40:27
38
Timminy :
I wonder how they're gonna spin the layoffs in a way to increase subscription price
2023-12-08 21:30:07
80
S :
Almost certainly a sale scheduled at least a quarter in advance as part of a 10b5-1 plan. Very hard for a CFO to trade otherwise
2023-12-08 20:57:08
8
Molly Dadison :
he was the face for an indefensible choice and “stepped down” to provide the remaining execs w political cover
2023-12-08 19:39:36
5
Das Me :
Lord, can I get fired for $9mil?
2023-12-08 20:48:38
33
Khrys | Product Design / UX 💻 :
He will absolutely be fine 😭
2023-12-08 17:01:26
364
Mike Peditto -Real Career Talk :
9 million bonus for your company under performing 🙃
2023-12-08 16:23:30
83
Heydannie.jpg :
But with a golden parachute. C-suite live different
2023-12-08 16:39:27
43
amanda | trying for #2 :
if it helps he probably only pockets less than half that. got to subtract the strike price and taxes.
2023-12-08 17:19:15
15
Heather :
Insider trading much? Jeez.
2023-12-08 16:29:35
15
baejay1234 :
Extra 600k’ish by waiting until after the layoffs, in case anyone was wondering. Class act.
2023-12-08 22:27:57
13
Lil Noodle :
I've been boycotting Spotify but they pay artists pennies AND let go employees while they report profits?? 🧐
2023-12-08 17:23:12
11
TP :
I expect that he exercised and sold because he can't take the options with him. His resignation was always part of the layoff plan.
2023-12-08 17:48:58
5
Indivisible Crow 🇮🇱 :
Even bigger scam is these executives getting obscene amount of stock options even when comp is losing $ for years. that should not be legal
2023-12-08 17:53:05
4
Mike Kollins :
so bro boosted the stock price and then sold 😂😂😂
2023-12-08 17:44:51
4
chriss9520 :
With golden parachute
2023-12-08 20:05:56
4
SonOfUther :
I volunteer to screw up a company twice as fast for half the pay as that CFO.
2023-12-08 17:20:43
3
Emotionalergodicity :
This poor guy hardly has enough money for even one super yacht, much less two!
2023-12-08 18:02:55
2
Michelle :
they buried the hell out of that lede.
2023-12-08 16:41:09
2
kyrianbbop :
exercised doesn’t mean he cashed out… exercised means he bought in
2023-12-09 23:08:29
2
kelargo :
six months after there's a new CFO, there will be a new CEO.
2023-12-10 14:15:07
2
user5573162426091 :
I can imagine the conversation going exactly how it went with Demi Moore and Jeremy Irons in Margin Call
2023-12-08 21:11:25
2
user9409181159728 :
The companies write the headlines and the media doesn’t ask questions
2023-12-08 17:52:52
2
d_plissken :
are they going to finally pay their royalties?
2023-12-09 15:47:56
2
Tito :
Prays and thoughts 😂😂😂
2023-12-08 18:04:53
1
Swans Paul Haitian translator :
capitalism is a form of socially acceptable ponzi scheme. the few at the top win (cfo got millions). the many at the bottom lose (employees)
2024-01-16 06:20:19
1
Jesse :
100%
2023-12-08 18:22:00
1
hi_spawn :
Real question, who’s buying this in volume to drive up the price.
2023-12-08 19:08:24
1
alex :
Quite the golden parachute
2023-12-08 20:50:32
1
Emily and Lucas / DIY :
The fact a company’s stock can rise after mass layoff is baffling to me… what a society we live in
2024-02-04 11:32:37
1
SassyWhaley :
WTF
2023-12-08 22:03:21
0
Slightly Sven :
Welcome to late stage capitalism. Where everything sucks, and the long term consequences don't matter.
2023-12-08 19:49:48
0
PrairieCottagcore :
cfo = gross
2023-12-08 19:33:58
0
Nah :
A lot of large companies will give the executives an option to step down vs a public firing. But it’s basically a forced resignation.
2023-12-08 18:10:51
0
Gzsdvvff :
exercise stock does not mean cash out lol…
2023-12-08 21:02:29
0
Tim_S :
I’ve seen multiple executives fired, yet get to claim they “stepped down.” Total BS
2023-12-08 18:09:54
0
Whatever 🤷 :
He was planning this
2023-12-08 21:11:28
0
TotesNotTim :
tbh it sounds more like a robbery to me
2023-12-08 21:24:38
0
Hansen Miller :
It’s normal to exercise your options after you leave a company. You usually have a window to do it in. Not a conspiracy just general shittiness
2023-12-08 17:59:34
0
Sd3 :
The CFO was fired 🙄
2023-12-08 17:51:59
0
Evan :
People should just read the story.
2023-12-08 21:40:41
0
Gwen 🧏🏾♀️ :
Different topics getting conflated. The CFO isn't paying for nor responsible for employee layoffs.
2023-12-08 22:10:22
0
david :
Scapegoated
2023-12-08 17:40:46
0
Kate 💕 :
I think the 9 million should be split among all of them!!!
2023-12-08 22:50:28
0
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