Sonos CEO Says Leaders To Forgo Bonuses After Failed App Release; Calls May App Release A 'failure'; Sonos To Form Ombudsperson Position, Customer Advisory Board
Portfolio Pulse from Benzinga Newsdesk
Sonos CEO announced that company leaders will forgo bonuses following a failed app release in May. The company plans to establish an ombudsperson position and a customer advisory board to address the issues.
October 01, 2024 | 12:32 pm
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Sonos CEO announced that company leaders will not receive bonuses due to a failed app release in May. The company is taking steps to improve customer relations by forming an ombudsperson position and a customer advisory board.
The decision to forgo bonuses indicates accountability from leadership, which may be seen positively by investors. However, the failed app release could negatively impact customer satisfaction and brand reputation, potentially affecting short-term stock performance.
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