3 ms·
Amazing that this kind of behavior by Skype/Msft wasn't calculated in the contract at the time of signing it.
by ebaysucks 15y ago
Amazing that this kind of behavior by Skype/Msft wasn't calculated in the contract at the time of signing it.
- fleitz 15y agoGurle used to work at MSFT IIRC.
- kenjackson 15y agoThis is pretty standard. If your options haven't vested and you're let go there usually isn't much you can do. I doubt MS has anything to do with it, except the fact that they probably didn't express any particular concern regarding the deal if these employees were let go.
- teej 15y agoThere's plenty they could have done before the contract was signed. They could have easily pushed for double trigger acceleration in their own contracts to prevent this.
- kenjackson 15y agoMy point is if they're planning on letting you go, they're not likely to bend over backwards to accommodate you.
- prostoalex 15y agoCompany's officers fiduciary duty is to protect interests of shareholders. Complicating contracts with the purpose of transferring that wealth from shareholders to executives could be construed as violation of that duty.
- cynicalkane 15y ago"Transferring wealth" isn't an abandonment of fiduciary duty, it's exactly what you do when you hire people and pay them. Nor is there anything wrong with negotiating contracts describing the details.
- prostoalex 15y agoGood point. Just saying that unless you're a founder or a majority shareholder, you have little power in terms of blocking the deal from going through.