Summary:

In the grand Silicon Valley tradition of failing upwards – poor performing CEOs getting fancy jobs and ton of money – PalmOne rewarded the outgoing CEO Todd Bradley with a windfall – somewhere between $2.4 and $2.8 million to be more precise. Now the company will […]

In the grand Silicon Valley tradition of failing upwards – poor performing CEOs getting fancy jobs and ton of money – PalmOne rewarded the outgoing CEO Todd Bradley with a windfall – somewhere between $2.4 and $2.8 million to be more precise. Now the company will take a charge of $3.2 billion because of that very largesse. Given that he has been such a stellar performer I guess. Despite an iconic product, Treo smartphone, the company has gone from bad to worse. TheStreet.com points out that “Bradley earned $1.5 million in bonus and salary last year and another $514,433 in restricted stock.”

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