Friday, April 12, 2024

Skype Is Already Learning From Microsoft: Firing Execs Before Deal Finalizes To Avoid Big Payouts

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Bloomberg is reporting that ahead of the finalizing of the deal with Microsoft worth 8.5 Billion dollars Skype is firing some “senior executives” so they can avoid larger payouts to these execs as a result of the purchase.

The story says that because of when they are let go their stock options will be worth MUCH less.

Love this quote:

“As part of a recent internal shift, Skype has made some management changes,” said Brian O’Shaughnessy, a Skype spokesman.

Check out the whole story over at Bloomberg.

the authorK.B.

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