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.
I had 7 Sonos speakers. 2 months after they updated their app I sold them all and replaced them with the Denon 150s. I was such a Sonos booster and loved their products. Now they are a dead company to me.