An article trying to help wash former CEO.
https://finance.yahoo.com/news/inside-illumina-8-billion-deal-180000364.html
2 replies (most recent on top)
His wise decisions destoried Illumina R&D culture, $50B market value and finally led to his own resignation.
The CEO has done a phenomenal job in making decisions and building the company. He has made some bold and innovative decisions that have helped the company grow and succeed. He is a strong leader. Can't comment if he is a fair and ethical leader who is committed to creating a positive work environment by reducing workforce, taking bonus/RSUs out especially in the period of high inflation.
However, given the current scenario, the CEO's compensation increase is questionable. The cost of living is rising, and employees are struggling to make ends meet. This is likely to lead to a decline in the pace of work and the quality of work. Employees will start looking for ways to earn more money, which could impact their productivity.