Microsoft pays Sinofsky not to work at these companies

Microsoft pays Sinofsky not to work at these companies
Microsoft is paying its former Windows and Surface team leader Steven Sinofsky a whopping $14 million in exchange for his consent not to work for companies like Google, Apple and Facebook.

The ‘ban’ on Sinofsky joining those companies extends until December 31, 2013, and as soon as next year starts, the experienced executive would be free to seek new employment. ‘Ban’ here is only a figurative way of explaining the situation. In reality, Sinofsky signed an agreement with Microsoft that would grant him a whopping $14 million in stock options. All of these spicy details were revealed in Microsoft’s annual K-10 filing with the U.S. SEC.

Here are the 7 companies that Microsoft prohibited Sinofsky from joining:

  • Amazon
  • Apple
  • EMC
  • Facebook
  • Google
  • Oracle
  • VMWare

Of course, we’ve heard before about secret ‘no poaching’ agreements between the behemoths of Silicon Valley, but now we are seeing a top level executive getting paid to abstain from working there after his employment has been terminated.

source: AllThingsD

FEATURED VIDEO

Latest Stories

This copy is for your personal, non-commercial use only. You can order presentation-ready copies for distribution to your colleagues, clients or customers at https://www.parsintl.com/phonearena or use the Reprints & Permissions tool that appears at the bottom of each web page. Visit https://www.parsintl.com/ for samples and additional information.
FCC OKs Cingular's purchase of AT&T Wireless