All these people had salaries in excess of $180k I presume + stock compensation. Sorry, but they do not fall in the category of people that were exploited.
I firmly believe in at will employment.
In this case, the CEO exploited the investors, whether it is VC firms, institutional or private investors by making an error in the judgement of hiring needs. Of course there is a risk in investment, but when CEO's make major mistakes while paying themselves $800M in compensation; investors should seek relief.
> All these people had salaries in excess of $180k I presume + stock compensation. Sorry, but they do not fall in the category of people that were exploited.
I am making the argument that they were not in a cage at all and that they were justly compensated for the risk of joining a rapidly expanding startup.
I firmly believe in at will employment.
In this case, the CEO exploited the investors, whether it is VC firms, institutional or private investors by making an error in the judgement of hiring needs. Of course there is a risk in investment, but when CEO's make major mistakes while paying themselves $800M in compensation; investors should seek relief.