Palm Offering Large Bonuses And Stock Options In Effort To Retain Key Executives

on 04/16/2010, filed in Home > CellPhones

Palm definitely is going through a rough patch, and after news of it being offered to various companies, word is out that the troubled smartphone company is offering $250,000 bonuses and stock options for several executives to stay on for at least another two years as part of a retention program. Some of the senior executives mentioned include Global Operations Senior VP Jeff Define and CFO Doug Jeffries. Of course, keeping the company’s key executives will be an important move if the company is to secure a buyer, after all, you wouldn’t want to buy a company with all the key people having left for greener pastures, right?

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HTC: High Tech Computer Corporation (HTC) is a Taiwanese manufacturer of smartphones and tablets. The company started as an ODM (Original Design Manufacturer) that was building devices for others, but went on making HTC-branded smartphones based mostly on Microsoft's Windows operating system (OS) for mobile. In 2009, it began to shift its core focus away from Windows mobile devices to Android-based ones. In 2010 the company went back to the Windows Phone eco-system.

Lenovo: Lenovo Group Limited, commonly known as Lenovo, is a Chinese consumer electronics company that is based in Morrisville, North Carolina. The company was founded in 1984 in Beijing, China by Chinese businessman Liu Chuanzhi, and was eventually incorporated in Hong Kong in 1988 under its former name, Legend. Lenovo became a publicly traded company after listing in Hong Kong in 1994. The name Lenovo, which is a shortened portmanteau of the words Legend and the Latin word "novo" (meaning: new) was officially used in 2003 when the company announced its plans to develop outside China. Lenovo's products include personal computers, notebooks, tablets, AIOs, mobile phones, servers, storage devices, workstations, and more. Lenovo is one of the world's largest PC vendors.

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