> As the CEO and founder of Zoom, I am accountable for these mistakes and the actions we take today– and I want to show accountability not just in words but in my own actions. To that end, I am reducing my salary for the coming fiscal year by 98% and foregoing my FY23 corporate bonus. Members of my executive leadership team will reduce their base salaries by 20% for the coming fiscal year while also forfeiting their FY23 corporate bonuses.
It’s nice to see the phrase “I am accountable” followed by a description of what that accountability entails.
Whether or not the steps taken seem fair is a separate conversation, but it seems like a step in the right direction.
When you’re making CEO salary, no amount of salary reduction will have a day to day impact, but this seems strongly symbolic at least.
It’s nice to see the phrase “I am accountable” followed by a description of what that accountability entails.
Whether or not the steps taken seem fair is a separate conversation, but it seems like a step in the right direction.
When you’re making CEO salary, no amount of salary reduction will have a day to day impact, but this seems strongly symbolic at least.