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MongoDB CEO resigns to join Meta

366 points · 306 comments · diek

  1. fred_is_fred · · focus · HN ↗
    As a non-joke question - I am surprised a CEO can do this. Wouldn't there be contract terms about notice period, orderly transition etc?
    1. next_xibalba · · focus · HN ↗
      Likely anything that goes beyond missing out on compensation (ex: unvested RSUs) or even clawing back some comp would violate labor laws. CEOs are still employees, and legislation regulating employer-employee relations trumps all contracts.
      1. jtwaleson · · focus · HN ↗
        There are many many instances where the CEO is not an employee, but they operate via their own legal entity. To be honest I don't know how this works at larger companies.
        1. kiicia · · focus · HN ↗
          it simply works, that's how you optimise tax on million+ sums, do you think ceo-s pay taxes on par with regular workers?
          1. SoftTalker · · focus · HN ↗
            Yes, CEOs pay taxes on income. The only way around that is to structure the compensation so it's not income, and the IRS probably has tried to prevent that as much as possible. I'm not a tax or HR expert but I'd think unrealized gains on stock compensation might not be. Deferred compensation might not be, until it's actually paid.
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