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Stephen Totilo shared this back in June of last year. Apparently Bobby's got an agreement signed that if he gets terminated he makes $292 million off of it, dou
by cableshaft 5y ago
Stephen Totilo shared this back in June of last year. Apparently Bobby's got an agreement signed that if he gets terminated he makes $292 million off of it, double what he made last year.
So that might be part of it.
https://twitter.com/stephentotilo/status/1407658278893592579 https://twitter.com/stephentotilo/status/1407658278893592579
- techdragon 5y agoHow long is that valid for? Also does buyout by Microsoft count as a “change of control” … I’d bet Microsoft would wait out whatever time span that’s valid for and then immediately refuse to give him another one and can him…
- JaimeThompson 5y agoAgreements like that are evidence that boards don't always take into account the health of the company as a whole when making decisions.
- post-it 5y agoMicrosoft is spending $70 billion all-cash on this, an extra quarter billion isn't much. I don't expect they'll cut him loose until after all the ink is dry.
- throwawaysea 5y agoAren’t those types of severance packages typically invalid if you’re fired for good cause (like sexual harassment)?
- robertlagrant 5y agoLooks like he'd be terminating "with good reason" himself after a change of control and getting $292m?