|02-02-2005, 10:35 AM||#1|
Join Date: Aug 2003
Device: Dell Axim
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|
Join Date: Dec 2004
Jeff Kirvin takes a crack on this issue -- actually this acticle
|02-03-2005, 04:42 AM||#3|
Join Date: Oct 2002
Device: Sony PRS-650 / Nexus 7 / Kindle PW
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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