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I doubt the acqui-hire was for $30m. I would believe probably $3m, structured as $1m each over 4 years, with each person getting 100k in the first year, 200k in
by mattbarrie 14y ago
I doubt the acqui-hire was for $30m. I would believe probably $3m, structured as $1m each over 4 years, with each person getting 100k in the first year, 200k in the 2nd, 300k in the 3rd and 400k in the fourth. Lots of these "acqui-hires" get reported in the press at some stupid number. I know a couple that were reported way off. The original journalist says "it sounds better", and then all the secondary sources just quote the figure from the first.
- foobarqux 14y agoAre the reported numbers that you are familiar with outright falsehoods or are they distortions like an unrealistic earn-out provision? Besides spreading the amount over many years what other tricks are used to bump up the reported number?