02-02-2005, 10:35 AM | #1 |
Is papyrophobic!
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PalmSource still has money to spend
PalmSource decided to grant Ira Cook, the company's Vice President of Finance, an increase in compensation. From the latest SEC filling:
During the time that Mr. Cook serves in the capacity of PalmSource' principal financial officer, his annual base compensation will be $250,000 and he will be eligible for a discretionary quarterly bonus under the Company's bonus plan at the rate of up to 50% of his base quarterly compensation. In addition, Mr. Cook also received a stock option grant to purchase 40,000 shares of the Company's common stock which will vest quarterly, at the rate of 25% at the end of each fiscal quarter during which Mr. Cook continues to serve in the capacity of PalmSource' principal financial officer. Maybe I should apply for a new job |
02-02-2005, 01:35 PM | #2 |
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Jeff Kirvin takes a crack on this issue -- actually this acticle
http://www.1src.com/scripts/show/807...cast_Nine.html |
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02-03-2005, 04:42 AM | #3 |
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Cool podcast, and a great speech by Jeff!
He absolutely has the right to criticize the title of this thread "PalmSource still has money to spend"; it is a controversy topic whether or not PalmSource is currently well-positioned in the market for providing mobile solutions. Considering the downtrend of PalmSource stock since September 2004, plus the various recent downgrades by financial analysts, I don't believe the investment community takes a raise in compensation, at least in the current situation, as easy as Jeff does. |
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