TechnologyExecutive payOpinionThe prescription is not to cut the Sukhinder Singh Cassidy’s pay loose from the price. It is to reload her exposure to it — properly, and with obligations running both ways.Peter SwanEconomistDavid Thodey faces the least enviable task in Australian governance. Xero’s share price has fallen about 60 per cent in a year, dragged down in the sector-wide derating of software stocks that markets have dubbed the SaaSpocalypse.The one-off options granted to chief executive Sukhinder Singh Cassidy in December 2024, struck at $171, are hopelessly out of the money with the stock near $74. Her incentive, in any economic sense, has evaporated.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Latest In TechnologyFetching latest articlesMost Viewed In Technology