Chip is happy to cut the people that actually bring money and keep money in 2U (ie: ICs & SSAs) just so he can fund his hobbies and pretend to be a successful business man. Let's look at his salary the past 5 years:
In 2022 his base pay was $750,000 (a 3.24% raise)
In 2021 his base pay was $726,462 (a 11.77% raise)
In 2020 his base pay was $649,973 (a 16.68% raise)
In 2019 his base pay was $557,042 (a 2.92% raise)
In 2018 his base pay was $541,250
That doesn't even include bonuses or equity. This man is running 2U into the ground, but still sees a decent raise every year, and makes more than any of us could ever hope to make. How does the board justify a consistent salary increase when 2U's stock has lost 80+% of its value since February, and another round of layoffs occurred. Make it make sense...