this post was submitted on 19 Aug 2023
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Had something similar at a public company I used to work for. When any C-level exec "retired", an announcement would go out explaining they would "continue to graciously serve as a consultant for the company" - which always ended up being: We keep paying them exorbitant amounts to not work.
Meanwhile, I can't get a $1k / year raise for a person on my team because "business is tight".