- Exec is lured into said position with huge signing bonus. Bonus Count: 1 - Executives bonus criteria are to ship an iPad competitor and build tablet business - Exec spends hundreds of millions doing just that with full knowledge that its not competitive but hes meeting his written goals - The first year passes before the product is out or has pricing or final details, exec gets giant bonus for doing a good job even if thats not true because board is full of people who dont know shit. Bonus Count: 2 - Tablet ships right before exec gets next bonus, probably for hitting arbitrary quarterly deadline. Do you really think it wouldnt be better for them to have waited 2 months for Flash and 4G to work? Theres only one reason to release it now and thats so it can be Q1. Bonus Count: 3 - Thing craters in the market but blame is placed on Apple, exec vows that follow-up version will be the best thing ever - Follow-up version takes longer than expected to deliver, annual bonus for working hard in challenging conditions. Bonus Count: 4 - Follow-up ships suspiciously close to the end of a financial quarter. Bonus Count: 5 - Follow-up craters in market, board decides its time for said executive to send more time with the family. Massive severance package ensues. Bonus Count: 6 So thats how you can make 8 figures in 3 years while failing every step of the way.
Posted on: Tue, 18 Nov 2014 19:03:40 +0000
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