SushiSwap Community Governance has voted to reduce the CEO's proposed salary and will vote on a new CEO
The SushiSwap community has voted to reduce the pay of its chief executive officer position (Head Chef), according to official news released by BlockBeats on August 27. In SushiSwap's original proposal, the CEO's compensation included a base salary of 800,000 USDC, 600,000 SUSHI, and additional incentives. The newly approved incentive structure reduces the base salary to 500,000 USDC, and the total number of SUSHI that serve as incentives is reduced from 1.2 million to 1 million.
In addition, SushiSwap will hold a new community vote and may include a new candidate to run against Jon Howard, the CEO chosen by the original proposal.