Ryan Pearcy lays out the case for the restructure. She has moved from the twenty fifth percentile to the fiftieth, which is on par for the seat rather than generous, and most of the package was equity that stopped functioning as pay once the share price halved. He also points out she was hired to turn a high growth loss maker into a profitable business, and that nobody does that work without making people unhappy.
What he cannot get past is the timing. Share price halved, CTO gone, CPO gone, the accounting community in disarray, ex-employees going public, and a pay rise in the middle of it. Accountants want a safe pair of hands and it does not feel like one right now.
Indi Tatla pushes back from the other side. Compared to most chief executives she is arguably underpaid, and share prices tank across corporate America with far bigger payouts attached and no revolt. The water companies here are leaking and paying out regardless. Her question is whether this conversation would be happening at all if the chief executive were a man.
From the episode with Ryan Pearcy, Heather Smith and Indi Tatla.
Digi-Tools in Accrual World is The Loop's weekly accounting tech podcast, hosted by Ryan Pearcy, John Toon, Indi Tatla, Eriona Bajrakurtaj and Ian Gregory.
Full episodes: https://digitoolsinaccrual.world
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