A new compensation philosophy: leadership's pay is now entirely at-risk
Colleagues, today the Office of the CEO is proud to share a milestone in conviction. Effective immediately, leadership's compensation package has been rebuilt from the ground up, and the package we have rebuilt is one we may never be paid.
There is no salary. There are no cash bonuses. There is no time-vesting stock that arrives simply because the calendar turned. We have removed every guarantee, because a guarantee is a quiet way of admitting you have stopped believing. In their place we have made a single, total commitment: his compensation is entirely "at-risk," payable only when value is created at a scale the market has not yet imagined.
We know some of you will look at your own pay, which has not been restructured, and wonder whether you were invited to share in this courage. You were. Belief does not require a vesting schedule. While leadership has tied its reward to a tenfold rise in our standing, you may participate in that same conviction today, at no cost, by continuing to do the work that makes the rise possible.
To honor the spirit of shared sacrifice, a second cold brew tap is confirmed in every staffed pantry. It is fully vested. It pours regardless of outcome.
The reward we have forgone is not gone. We have entrusted it to a future we are certain we will reach, and asked that future to keep it warm. Conviction is now the only currency that matters here, and every one of you already holds some.
We will see you there.
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