"effective immediately" means either... he doesn't have a contract with a notice period, or he does and is willing to forfeit any benefit from it like share options, etc.
One reason might be the share price has collapsed and he has no confidence in it coming back (pretty scandalous if he's the CEO!), or Meta has offered him inducements > what he's walking away from.
Good way to burn a lot of bridges. He's never going to be hired as CEO by anybody for the rest of his career.
Yeah there’s a recruiting firm that literally hires ex-CEOs, puts them on the bench, then searches for their next “assignment”. They pay these people to golf until they place them.
everfrustrated · · focus · HN ↗
One reason might be the share price has collapsed and he has no confidence in it coming back (pretty scandalous if he's the CEO!), or Meta has offered him inducements > what he's walking away from.
Good way to burn a lot of bridges. He's never going to be hired as CEO by anybody for the rest of his career.
ChicagoDave · · focus · HN ↗
<a href="https://www.heidrick.com/" rel="nofollow">https://www.heidrick.com/
jmalicki · · focus · HN ↗