12 Jun 09 Jon Rubinstein’s new salary? $850,000 per year
Just yesterday we notified you that Jon Rubinstein would be taking over Ed Colligan’s as Palm’s CEO and now news regarding the financial backings of it all are leaking out.
Apparantly, Jon Rubinstein’s new salary, before taxes, is set at $850,000. And, to add to that, he has a 100% chance of an annual bonus eligibility and “stock option grant of 430,000 shares vested monthly over the next 4 years”. While this may make some green with envy we have to give it to the man because without Mr. Rubinstein the Palm Pre probably wouldn’t have ever made it to market.
But what about ol’ CEO Ed Colligan? Well, he’ll recieve a cool $1.2 million to take a seat and let Rubinstein take over.
Read (Engadget)
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Tags: CEO, ed colligan, financial, jon rubinstein, Palm, salary
11 Jun 09 Jon Rubinstein ousts Ed Colligan as Palm CEO
It was recently announced that Jon Rubinstein, a man celebrated for finally getting the Palm Pre out the door, has replaced Ed Colligan as CEO of the company.
After a seemingly much needed leave of absence, Colligan will take up a position as Elevation Partners, one of the major investors in Palm.
If you don’t know Jon Rubinstein he used to work at Apple as senior vice president of their iPod division only to leave the company in 2006 to become executive chairman of the board for Palm. Maybe a new CEO will put Palm right back in the game, or at least I assume that’s what they are hoping for.
Read (Engadget)
Popularity: 1% [?]
Tags: CEO, Chairman, ed colligan, executive, jon rubinstein, palm inc, Palm Pre
