Palm execs are being offered bonuses & stock options to stick around

Palm execs are being offered bonuses & stock options to stick around
Doubt can always lead some people to take drastic measures to ensure their survival amid an imminent journey that has some uncertainties surrounding it. Palm's battle to stay afloat may seem insurmountable at this point, but the long time smartphone manufacturer is doing what they can to keep their core intact. There was a new SEC filing this week that offered some insights to the shakeups happening over in Palm land as they continue to find a suitor in possibly buying them up. At the same time, Palm is attempting to entice some of their executives to stay along with the company by offering them some direct cash incentives and stock options. Their Global Operations Senior VP Jeff Devine and CFO Doug Jeffries were paid along the lines of $250,000 in bonuses and stock options to commit in staying for another two years as part of their “retention program.” This move was followed after their Software and Services Senior VP was heard to be leaving the company on April 23. CEO Jon Rubinstein has already committed to staying on board while other executives are hoping to do the same to keep their core intact – even if a buyout does go through. It's not too surprising to see Palm rushing to some brash moves like these, but they'll need to do all they can if they choose on moving forward with minimal loses.

via Electronista

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