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.
The worst thing they’ve ever done is remove functionality from the desktop app and have it exclusively in their mobile app.
I love the idea of Sonos. Being able to have whole house audio without having to run a shit load of cabling would be a dream come true, except they do it so badly it is often a nightmare.