So you would prefer a media circus and investor scrutiny when your employer's executives are fired for failures or misconduct? This is likely to cause the price of the shares to drop, including any ESPP and stock grants you and your coworkers have vested. Is the satisfaction of seeing an executive dragged through the mud worth losing a chunk of your net worth to you, no matter how much the exec deserves it? I'd rather keep the money, personally.
Weird to see so many posters suddenly pop up that are anxious to protect investors (who have the access and means to protect themselves) at the expense of harming employees and workers. Glad to see you all getting into the ultra-capitalist spirit of Hacker News I guess?
Bad companies who do bad things should fail. Why are you so obsessed with protecting criminals from consequences? If an exec is sexually harassing employees should they still be protected? What if the bad behavior is abusing workers and committing wage theft? Should that still be swept under the rug? Forgive me for not really caring about the stock grants of people who are in the top 10% of earners. Actual working class people aren’t getting equity
The person I was replying to talked about executives being fired with no reason given. So "protecting criminals" is something you pulled out of your own imagination and warrants no response. Have a nice day.
That’s the whole point of why they should disclose, because you don’t know if it’s poor performance or something legitimately bad. I simply gave examples of something that I don’t think anyone with a conscience would support. You very much give the impression that you would prefer scandals hidden, regardless of legality, because that’s what’s best for your pocketbook.
> Is the satisfaction of seeing an executive dragged through the mud worth losing a chunk of your net worth to you, no matter how much the exec deserves it?
Yes. There is far too little truth and justice in this world, most especially for corporate executives.
> I'd rather keep the money, personally.
Of course, me too buddy, me too. But some things are more important, don't you think? It would be a much much better world if the wealthy and powerful had to think carefully before acting. Think carefully before that action of misconduct. Bear the responsibility for their actions. Be afraid of the consequences.
And on the flip-side, if it's an exec at another company getting tarred and feathered by the media for their incompetence, it means they probably won't end up at my company in six months' time and do the same thing.
If it was up to me we'd be stripping them of any and all assets they gained during their tenure for malfeasance. Let them roam free, and let them sleep freely under a bridge.
Yes, I’d prefer that investors know that the new executive is not going to continue the same crap and same level of poor judgement. Want them to know the replacement is looking to do more than wear a golden parachute.
Imagine if investors actually thought the personnel change was a positive one…
