“crypto up plz” being the calculated, good faith, board approved risk?
I’m not saying it was illegal. All I’m saying is the people who paid for the bad bets (with their livelihoods) were not the same ones who made the bets in the first place.
Not my company not my bets. I’m paid to staff a post at a company, the CEO laying people off has no more impact on or responsibility to my livelihood than I do to the workers of food truck I frequent. As a worker I take literally no risk except “one day they might stop paying me.” I am not impacted at all by how the company is doing.
And if you’re a stock holder then you should love this move since it’s in your best interest.
This was the whole point of the analogy. Taking risky bets has cost the employees nothing. The only thing that the employees have lost is imaginary future pay and benefits that could have been taken from them at any point for near any reason. It's hurting the employees that were laid off as much as me choosing not to eat at my local burger stand hurts its owner. Dgmr, it sucks to get laid off, it's a huge PITA and a good number of them were probably depending on that income but they haven't lost anything.
Those cost of those massive risks are actually literally at the expense of the shareholders. Ironically the employees who have some of their compensation in stocks will actually be helped by this move.
If not willing to step down, then give up pay.