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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. zelias · · focus · HN ↗
      Trading algorithms at big shops read headline "CEO of company leaves for greener AI pastures"

      Make adjustments based on ML

      Actual analysis of this person's value to company not weighted as highly

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