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MongoDB CEO resigns to join Meta

366 points · 306 comments · diek

  1. bko · · focus · HN ↗
    CEO leaves, stock market value drops ~$6.5B

    One interpretation is that senior leadership (e.g. CEO) matters a lot. But it flies against the idea that CEOs are overpaid. From a quick search, it looks like his total stock comp was ~$52m which was a bargain considering his departure cost the company billions. Perhaps he would not have left if he had a higher pay, more in line with the value the market ascribes to him.

    However I imagine those that are upset about CEO pay will find this unconvincing. Is there any other way to interpret this?

    1. [deleted] · · focus · HN ↗

      [deleted]

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