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.
Golden parachute successfully deployed.
$1.8M is pretty small as golden parachutes go. Was probably the smallest amount allowed under his employment contract which avoids a lawsuit.
i don’t know if any of you lot have experienced the sonos app firsthand, but let me tell you that it is worse than you could possibly imagine. it takes ages to open, has a million buttons, and pretty much all of them are useless. it has a play/pause bar on the bottom of the app that does not go away. if you want to change your speaker settings, that’s hidden away in a menu (within the app) called “system settings”. why would they call it that?
the app makes you type in the wifi password when pairing a new speaker, even if that speaker has the ethernet cable plugged in. the app also doesn’t support certain wifi passwords so i had to change my wifi password before connecting my speaker.
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.
Like I’m a programming dullard but they had to go out of their way to filter out allowable WiFi key characters? I don’t see why they’d even bother…?
I have an easier time using my Home Assistant dashboard to control my Sonos devices rather than the native app. Takes forever to load in Sonos but with HA, it’s near instant.
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.
The Peter Principle in practice. A Quibi exec is taking over for him, I shit you not.
Quibi?! The streaming company whose business plan was so bad it lasted like 6 months. That sure inspires confidence.
I feel like they couldn’t make things much worse apart from just making the app say, “Lol, fuck you,” every time you tried to do anything.
It’s so bad, I’ve mulled just trashing the one speaker I have that I didn’t even pay for, just to move to something better.
I just grabbed the old app from The Aurora store and told my speakers not to update their firmware.
I’m using my kitchen S5 exclusively in aux mode with a spare phone which runs the Malopieds fork of Innertune. It’s the perfect music kiosk / jukebox and I never have to touch their apps (unless I change up my network).
People like this clown really live in a reality of their own. Imagine being horrible at your job, just to be paid a fat lump of money
Give that amount of money to anyone with the most basic of simple financial management and they wouldn’t have to work a day in their entire life while living a very decent life. Almost $2M at 5% growth, below the total historical performance of the stock market, is $100,000 per year for doing nothing except sitting on money. Any amount of that which is reinvested compounds exponentially.
