Palm paying execs $250K incentives to stay onboard [U]

(Updated with more transactions) A new SEC filing this week showed that Palm is paying executives direct cash incentives to keep them onboard. Several executives, including Global Operations Senior VP Jeff Devine and CFO Doug Jeffries, are being paid $250,000 bonuses and given stock options to stay on for at least two years as part of a "retention program" to keep them working. The payouts follow word that Software and Services Senior VP is resigning and will leave the company April 23rd....

Source : http://www.electronista.com/articles/10/04/16/sec....