$SFT WARNING: LONG THREAD AHEAD. My opinion on Shift’s announcement. In Shift’s announcement, there we 2 main bodies. First body, severance benefits in a change of control scenario. Second body, cash retention of $2million for Sean Foy. Had Shift released the second body alone, it would have been a non event for me primarily because based on Sean Foy’s Linkedin record, he is an employee that changes companies on average every 2-3 years. He joined Shift in 2018 and leaving in 2022 fits the behaviour he has been doing throughout his career. (1/6)
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