This seems extremely generous to me. We don’t have to torture the founders because of economic conditions. It’s risky enough being a founder and this’ll have a downwind impact on them as well. For example, paying all these benefits means fewer hires, means less output, means their stock options might be worth less.
If you're getting rid of 14% of your staff I expect you to be making a lot fewer hires and having less output, as a result of having less employees, is also not surprising. Those are completely unrelated to the severance they pay their employees.
The general argument for high CEO pay is that it is a reward for their skill in the job. By that argument, if there is evidence that they're making mistakes that negatively impact the company shouldn't that directly impact them in terms of their compensation?
