[Palm’s Employee Retention Handcuffs] Can They Stop the Exit Hemorrhaging?

Palm, the maker of mobile products, is losing talent.

Tech journalist Kara Swisher has commented that Palm is a company with nine lives. This, by my count, is number ten.

Michael Abbott, SVP of Software, and Caitlin Spaan, VP of Carrier Marketing, have both left Palm. Abbott landed at Twitter. SEC filings indicate that CFO Doug Jeffries and Global Operations Senior Vice President Jeff Devine both were paid $250K bonuses and provided stock options as part of a formal retention plan (bad news when a company’s CFO has to be paid more to stay).There’s … Read the rest