Spence will receive a cash severance of $1,875,000, per SEC filings. He will also get $7,500 per month and serve as a Sonos board advisor until June, and his unvested shares will vest.
If I was this bad at my job, I’d be shitcanned with no compensation. It’s pretty cool how we reward failure at the highest levels.
Damn, I’m in the wrong business. Been making really bad decisions for free
Obviously. You could be the next Phil Harrison. Failed with Atari, got picked up by MS to lead Xbox. Failed with Xbox One, got picked up by Google to lead Stadia. Failed with Stadia and is currently keeping a low profile because he probably understood that failing any higher than Google is going to be a long shot.
He’ll probably show up at Ubisoft or EA, lol.
Or maybe even back at Microsoft to lead their handheld launch.