{"id":534443,"date":"2010-04-19T13:40:41","date_gmt":"2010-04-19T17:40:41","guid":{"rendered":"tag:contentnext.com,2010-04-19:article\/419-palm-adds-a-retention-program-for-key-employees-as-svp-abbott-quits"},"modified":"2010-04-19T13:40:41","modified_gmt":"2010-04-19T17:40:41","slug":"palm-adds-a-retention-program-for-key-employees-as-svp-abbott-quits","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/534443","title":{"rendered":"Palm Adds A Retention Program For Key Employees, As SVP Abbott Quits"},"content":{"rendered":"

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As if Palm (NSDQ: PALM<\/a>) needed any more problems … Michael Abbott, its SVP of software and services, has resigned. Abbott had led the “application platform and services development” for Palm’s webOS and was one of nine members of Palm’s management team.<\/p>\n

Retention has to be a major concern for Palm, considering that company has seen its new smartphones fail to take off and has reportedly put itself up for sale. And, indeed, in an SEC filing<\/a> Friday, Palm said it was starting “a retention program for certain key employees” which will provide them equity and cash over two years—as long as they don’t leave.\n<\/p>\n

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