SiliconBeat

If you have an employee who may be contemplating leaving, is promising him more in severance should that happen the most effective way to deal with the situation? That appears to be what happened last week when eHealth, the Mountain View online life insurance provider, reached a “retention” agreement with its chief executive, Gary Lauer.

When he was first hired in 1999, Lauer’s termination benefits called for Read the rest of this entry »

Facebook Chief Operating Officer Sheryl Sandberg (pictured) resigned from the board of directors at eHealth Wednesday “so she could devote more of her time toRan personal and professional obligations,” according to a filing the online health insurance company made Friday announcing her replacement on the board, Stanford Chief Financial Officer Randall Livingston.

Sandberg once served as chief of staff for the United States Treasury Department during the Clinton Administration under Treasury Secretary Lawrence Summers, who has been named President-elect Obama’s chief economic advisor. Between Treasury and Facebook, she worked at Google, serving as vice president in charge of online sales and operations. She was also instrumental in launching Google’s philanthropic arm, according to her Facebook bio.

We took two top executives at eHealth to task back in August when we noted that neither its chief executive, Gary Lauer (he’s the gentleman in the center of this photo from Nasdaq), nor its chief financial officer, Stuart Huizinga, owned any shares of company stock, despite having made millions exercising options and promptly selling them.
Well, Lauer now has something in common with other eHealth shareholders: He actually owns shares of the Mountain View Internet seller of health insurance.

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