“I declare accountability!”
think they mean he took the full accounts
I’m sure it’ll be their best quarter/year of all time but the cut would be because they didn’t meet prediction levels, because if you’re not exceptional you’re dead weight these days 🙄
It’s not sustainable. Hooboy we’re in for some interesting times.
I looked out of curiosity, they’re actually not doing well, revenue shrinking quarterly. Seems like other players are eating their lunch. Makes sense really, 10-15 years ago Dropbox was innovative but now? There’s like 25 other cloud drive providers. Dropbox isn’t really offering anything unique now, they’re just a commodity, and they can’t meet the package deal pricing of competitors (like Google drive being included with Google Apps, or iCloud Drive being included with Apple One).
He’s taking full accountability by giving himself a larger raise.
As a CEO. His public opinion is already dogshit, might as well own it.
Sure, I’m an asshole, I did that. Sorry, it is what it is.
That’s not how accountability works…
Accountability would be lowering your own pay in order to keep your workers and admit you did this because others shouldn’t have to suffer for your mistakes.
That seems kind of harsh. I’d totally accept falling on his own sword, maybe seppuku.
yes, this is more like that little hand wave that tennis players do to acknowledge a lucky point “sorry mate, your job is gone… moving on”
No matter! He said the thing so he’s absolved, that’s just CEO rules ¯\_(ツ)_/¯
I’m sorry, but I don’t think you have what it takes to be a CEO
I wish someone would keep a list of all the companies that have laid employees off in the last few years, so we can keep tabs on who to not give our business to.
Well, if dropbox can exist without those 500 employees, then it’s logical. You don’t judge success of a business by how many people it employs
You could argue that you can judge their success based on the ratio of employees they used to employ versus how many they employ now.
So if I have a small computer repair store and want to make it more successful, I should employ at least million people, so the ratio goes up?
Do you honestly think that’s a comparable analogy?
How about if you have a small computer repair store that employed 20 people last year, but due to the owner’s poor analogy game scaring off the customers, you only need 5 employees to fill all the available work this year? Would you say the employee count is an indicator of the health of the business?
The problem is that we judge its success by how much the wealthiest people bet on its success in a glorified casino instead of anything else, like its positive impact on society.
A plane can continue to fly without a pilot. The problem is not “continuing to exist”, but continued success or a spectacular crash.
Also, I’d bet on Dropbox being able to function quite well without its CEO.
Sure, if the CEO is replaced by someone else who can manage the company, sure. But you cannot generally expect people to manage themselves. That’s why communism never worked and never will.
Also, what is according to you a glorified casino?
Your comment does not make sense. In communist countries, companies still have CEOs, they just don’t have private shareholders, they are owned by the state. Not that I care about that.
And what I call a casino is the NYSE, when stocks offering no dividends are pumped to the stratosphere, with purely speculative buys.
Imagine calling stocks a casino xD
Imagine calling stocks your economy.
Not all stocks, though, just the ones with sharp upward trends despite the fundamentals and no dividends or voting rights. How are they different from a big-tech backed shitcoin? You don’t get part of the economic output or even the influence, they are simply a token given to you by a random corpo saying it will be worth more next month.
You can buy a part of company. If you buy 0.00001% of that company, you surely won’t take part in the decisions as your vote does not matter. From the other side, if millions of people owning 0.00001% of the company were making decisions, it would have been very slow to respond to the competition.
It’s all quite simple. If you disagree with company’s management, just sell the stocks. And no one is saying that company’s stock will be worth more next month.
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Company is not a charity. There is a difference.
Suppose that dropbox employs twice as many people as other cloud providers. Would you be willing to pay them the twice amount for the same product the competition offers just because they employ more people?
You know, we live in the world of competition where you need to be ahead your rivals, otherwise your company fails (and all employees lose their jobs). So cutting costs where it’s possible makes perfect sense, especially if the employees can be replaced by computers or sth.
Would be easier to keep a list of those that didn’t.
So brave!
“This hurts me more than it hurts you”
MF looks like wish.com Elon Musk, didn’t think that was even possible, but I guess the Rubber Barons have a type.
yes! I am not alone with that impression.
After paying $720/yr, then $840, then being told it would be over $900 this year, I wasn’t really happy about the cost of using Dropbox. But it’s been rock solid for many years and was heavily integrated into my company’s workflow, so I smiled and bent over.
Until they took away the unlimited storage. I was using 31TB, and they wanted to put me at 15TB with no option to upgrade even if I wanted to.
I already had an on-site NAS, so I bought another for $3k (with drives) and asked a family member in another state to house it. I’m using Resilio to sync everything. It’s been backing up for a couple of months and probably has a couple more to go. So far I’m happy with the decision.
I have to imagine I’m not the only one making this move. Even if they fix the problem, I’m not going back. It’s far cheaper to keep a customer than to win a new one. Hopefully they learn their lesson.
Is this for personal or professional? I have a small server (few TB) and I’m amazed the immense amounts of data some people hoard for fun. I always thought it was mad to keep movies, until I tried to get the original lion king on my native language and decent quality and it took me days to find. Won’t delete that one
It’s both. My company is nearly twenty years old and I have an archive of everything I have ever done. … And a plex library.
Narrator: They won’t.
It’s funny because the people behind the decision will likely profit from enshitifying the company so that it’s no longer useful or profitable in a few years.
So in a way they’re learning the lesson that they should keep company hopping and soaking customers wherever they go, because everyone (at their pay grade) gets rich, and then they just move on.
That is the entire purpose of the decision
See Boeing, intel today, but history is littered with examples
The MBA playbook
That’s not what accountability means
CEOs are not good people.
Few people are truly good people.
CEOs have a weird propensity toward being bad which is above average, or maybe have higher risk of it by being in so much power
Sociopathic tendencies
But, no, I’m keeping my bonus.
Okay, then you be the sole worker then if you want this ‘responsibility’. See how far you get.
That is the opposite of taking accountability though…?
Yes, but only if you don’t speak C-Suite.
wow even more meaningless than free lunch coupons, way to go
