Stay for a year, get a nice payout. If you are one of the lucky 40.
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It's a great plan! Take all the people responsible for flying this plane into the ground and make sure they stay at the wheel long enough to finish the job. After all, they made such great decisions up until now - I can't wait to see what they come up with next!
Any public case documentation out there to know who these 40 “Key Employees” are ?
Ya. Fu-k this place.
They'll probably pay it in equity XD
There’s a separate management incentive program with some small amount of equity for normal management, and a yet to be defined employee incentive plan for the little guys. The 9M is only for the big fish.
C*Os that help the TB/Apollo to complete the deal/steal will take most of it for the corrupted corporation. Regular employee, no way!!!
That’s probably for the SVPs. Like politicians, they always take care of themselves…
$9M/40 is average of $225K per person. If I hadn't already left don't think that would keep me there (a yearish salary) - you can get more than that as an initial RSU package + salary increase at another company.