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I mean, I'm not taking the blame away from him and this is a terrible look to be getting paid so much after a colossal screwup, but, in a company that size does

I mean, I'm not taking the blame away from him and this is a terrible look to be getting paid so much after a colossal screwup, but, in a company that size does the CEO really have any idea of the day to day or inner workings of the company? I worked at a much smaller company and it was pretty clear that they didn't.

clintonb 7y ago
The CEO does not, but the CEO should ensure a subordinate is doing a competent job. In this case, if I recall correctly, a web server was not properly patched. Security audits might have caught this. The CEO and board ultimately should have ensured these audits were done. They are a data company. They should protect said data.
close04 7y ago
Of course not. They're there just for the paycheck... But on a more serious note his approach on dealing with the fallout was borderline illegal (saying this since he's not in prison). When you take the lion's share of the payouts (between salary and bonuses) you should have to take the lion's share of responsibility. Every commentary I have read about the situation says it was entirely preventable. This starts at the top, with picking the right people and setting a strategy that creates the perfect conditions for that prevention. Obviously he failed. And once he failed he tried to hide it. We shouldn't read about how much money he's taking home but how much he's paying back and how many years of prison he gets.
rolltiide 7y ago
As long as investors and fans derive confidence from a frontman, this kind of entertainment will keep paying well