Skype Fires Executives, Avoiding Payouts
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Skype Fires Executives, Avoiding Payouts
1–10 of 67 posts
Re: Skype Fires Executives, Avoiding Payouts
#2Amazing that this kind of behavior by Skype/Msft wasn't calculated in the contract at the time of signing it.
Re: Skype Fires Executives, Avoiding Payouts
#3Good for them. If you're going to be cutthroat dicks, be consistent.
I hope their good employees take note.
Re: Skype Fires Executives, Avoiding Payouts
#4Amazing that this kind of behavior by Skype/Msft wasn't calculated in the contract at the time of signing it.
This is pretty standard. If your options haven't vested and you're let go there usually isn't much you can do. I doubt MS has anything to do with it, except the fact that they probably didn't express any particular concern regarding the deal if these employees were let go.
Re: Skype Fires Executives, Avoiding Payouts
#5Stay classy Skype.
I wish there was an alternative that matched Skype's previous good qualities (or better). The obfuscation of the OS X Skype client UI, plus the fact that they're now owned by Microsoft has cast a shadow on what used to be a great service (to me at least). Surely there is room in the market for a serious competitor.
Re: Skype Fires Executives, Avoiding Payouts
#6Amazing that this kind of behavior by Skype/Msft wasn't calculated in the contract at the time of signing it.
This is pretty standard. If your options haven't vested and you're let go there usually isn't much you can do. I doubt MS has anything to do with it, except the fact that they probably didn't express any particular concern regarding the deal if these employees were let go.
There's plenty they could have done before the contract was signed. They could have easily pushed for double trigger acceleration in their own contracts to prevent this.
Re: Skype Fires Executives, Avoiding Payouts
#7And who can blame them, it's just more of the 8 billion for the rest of them.
Re: Skype Fires Executives, Avoiding Payouts
#8Earlier quoted context omitted.
This is pretty standard. If your options haven't vested and you're let go there usually isn't much you can do. I doubt MS has anything to do with it, except the fact that they probably didn't express any particular concern regarding the deal if these employees were let go.
There's plenty they could have done before the contract was signed. They could have easily pushed for double trigger acceleration in their own contracts to prevent this.
My point is if they're planning on letting you go, they're not likely to bend over backwards to accommodate you.
Re: Skype Fires Executives, Avoiding Payouts
#9Is this typical and accepted behavior in a transaction like this?
Re: Skype Fires Executives, Avoiding Payouts
#10What can a (startup) employee do to prevent these sort of situations from occurring after a liquidity event? In particular, what sort of terms should be in your hiring agreement -- eg. double trigger acceleration?