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Comments on: Exiting palmOne CEO Getting Cash Windfall

A article on TheStreet.com points out recent papers palmOne filled with the SEC regarding exiting CEO Todd Bradley's compensation package. Bradley will walk away from palmOne with a check for over $2.4 million dollars and the company will take a 3.2 million dollar charge related to his severance package.
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What do you know!

RhinoSteve @ 1/28/2005 1:33:13 PM # Q
Whatever secret society he is a member of that got him that deal, I want in!
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HUH?!?!?!?!

Wollombi @ 1/28/2005 1:32:31 PM # Q
Does anyone REALLY think he deserves this? Yes, he regained profitability for a short period of time, but possibly at the expense of consumer goodwill/repeat business, especially from longtime customers and/or power users.

He brought short term results, and is getting a long term paycheck for it.

_________________
Sean

Always remember that you are unique. Just like everyone else.

RE: HUH?!?!?!?!
Wollombi @ 1/28/2005 1:34:37 PM # Q
Damn, Steve, you type faster than me! =P

_________________
Sean

Always remember that you are unique. Just like everyone else.

RE: HUH?!?!?!?!
Timothy Rapson @ 1/28/2005 6:43:29 PM # Q
They put out the lame T5 for $400 so that they could pay this guy THIS? No mystery about what is wrong with Palm.

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Don't like it? Become a CEO...

pkuhns @ 1/28/2005 2:30:44 PM # Q
You're either in the "club" or you're not.

CEOs everywhere negotiate fabulous exit packages. Did you hear about the CEO of Mattel Jill Barad's severance package?

http://www.findarticles.com/p/articles/mi_m5072/is_24_22/ai_62991050

She pretty much bottomed out Mattel with the purchase of the Learning Company. The board of directors had to fatten her exit strategy to get her out of there faster.

http://www.findarticles.com/p/articles/mi_m5072/is_24_22/ai_62991050

NX70 addict...

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Bradley has left the building

mikecane @ 1/28/2005 2:39:57 PM # Q
-- and taken unearned millions with him.

You shareholder suckers!

SUCKERS, I say!

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Nothing compared to Disney's ex-Pres Michael Ovitz

TwinTurbo @ 1/28/2005 4:08:35 PM # Q
Disney hired Michael Ovitz as President back in '96. Eisner brought him in when he was on top of his game, but he only lasted around 15 months before they let him go along with a $140 million severance package. That's $140 million!!! Not bad for a little over a year of mediocre work. Ovitz was a former agent so he definitely negotiated himself a sweet deal. There is an ongoing trial in which Disney shareholders are suing to get it back.

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Rumor: Tapwave exec exit

mikecane @ 1/29/2005 5:42:50 PM # Q
http://clieuk.co.uk/index.shtml#newsitemEEpZpkEyEFPUkCchaT

This can't be good news, can it?

================

Topic: Tapwave Executive Producer steps down? Date: 29/1/2005 (18:00)

I have no idea if this is true but the email has just been sent to me- "Executive Producer Mitzi McGilvray is stepping down from Tapwave Feb 1st for an undetermined amount of time."


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Ridiculous

vesther @ 1/29/2005 6:47:34 PM # Q
IMO a CEO should be paid more for performance. If I was one of the shareholders of the majority of PalmOne, then I would definitely have to cut down on severance pays since severance packages should be forbidden by a company. I don't think Bradley's performance warrant a severance package, because he came up with a lot of non-innovative ideas over the last couple of months.

Powered by Palm OS since March 2002
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Eleven PalmSource licensees?

mikecane @ 1/30/2005 9:35:47 PM # Q
It's getting on to February here. That leaves 11 months to this year.

Will we have a new PalmSource licensee each month for the rest of the year? Or will they all spill the beans at the DevCon?

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