Cloudy Days for Go Pro CEO Nick Woodman
News by Editorial Team 12 Jan 2018
Billionaire Nick Woodman hasn’t seen darker days. The GoPro CEO, once one of the richest men on the planet, announced his pay slash to $1, even as the company prepares to lay off around 250 employees across the world and stop selling drones. Go Pro has struggled to reach profitability in the past couple of years, while also seeing a sharp decline in its market capitalization. Nick Woodman has stated that they will fight back aggressively, introducing new products and slashing prices on its existing lines, which it has already done.