Feeds

Palm hands out golden handcuffs

Would you stick with Palm for quarter of a mil?

The essential guide to IT transformation

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. ®

The essential guide to IT transformation

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
So, Apple won't sell cheap kit? Prepare the iOS garden wall WRECKING BALL
It can throw the low cost race if it looks to the cloud
EE accused of silencing customer gripes on social media pages
Hello. HELLO. Can EVERYTHING EVERYWHERE HEAR ME?!
Time Warner Cable customers SQUEAL as US network goes offline
A rude awakening: North Americans greeted with outage drama
Shoot-em-up: Sony Online Entertainment hit by 'large scale DDoS attack'
Games disrupted as firm struggles to control network
BT customers face broadband and landline price hikes
Poor punters won't be affected, telecoms giant claims
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.