Feeds

Palm hands out golden handcuffs

Would you stick with Palm for quarter of a mil?

High performance access to file storage

Palm has started handing out golden handcuffs to the key executives who've not already jumped ship, in what could be the run up to an acquisition announcement.

One key executive who's already plunged overboard is Michael Abbott - the man credited, in large part, with creating WebOS.

Michael Abbott's last day will be next week, as explained in a Securities & Exchange Commission filing from Palm, picked up by Engadget.

The filings also detail incentives of up to $250,000 for key executives, if they choose to stick with Palm, which should be a significant incentive to hang around and get to know the new owners, whoever they turn out to be.

Palm needs a suitor, with Huawei and ZTE being in the frame as well as some of the more-familiar brands. But when companies change hands there's a tendency for the key talent to disappear. Thus the golden handcuffs, used to ensure that the staff remain on the premises during the change of ownership, which, in turn, makes the company a more attractive acquisition.

That means we shouldn't assume an announcement is imminent, just that the negotiating position is being laid out. Palm is slapping on a bit of lippy and a nice frock, but that doesn't mean there's a handsome prince waiting at the door. ®

High performance access to file storage

More from The Register

next story
Broadband Secretary of SHEEP sensationally quits Cabinet
Maria Miller finally resigns over expenses row
Skype pimps pro-level broadcast service
Playing Cat and Mouse with the media
Beat it, freetards! Dyn to shut down no-cost dynamic DNS next month
... but don't worry, charter members, you're still in 'for life'
Like Google, Comcast might roll its own mobile voice network
Says anything's possible if regulators approve merger with Time Warner
EE dismisses DATA-BURNING glitch with Orange Mail app
Bug quietly slurps PAYG credit - yet EE denies it exists
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
Facebook splats in-app chat, whacks brats into crack yakety-yak app
Jibber-jabbering addicts turfed out just as Zuck warned
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.