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Boards see this as good “decisioning”. Decisions are made by proportional controllers — money cheap, hire and grow, money expensive, fire and slow. So execs are being very prudent here, according to investors.

Yeah that's what breaks my heart. It's gratuitously meaningless language designed to soften the human blow even though everyone who doesn't rely on Salesforce employment for a paycheck ends up benefiting. So there's no check on over-hiring and then dumping once convenient.

This always gets me. Executive "responsibility" in cases like this is ballooning wealth as a result of the too-rapid growth, and then a further increase when the stock pops as a result of the layoff announcement. A stock gain of currently $2.71/share means Benioff is almost $71 million richer (in unrealized gains).

Would be great to see a CEO’s performance plan cut (options taken away or something) rather than this crocodile tear act we always see. In some industries CEOs take paycuts to keep folks employed but you don’t see that in tech.

The “responsibility” is all fake.