Kana Software, the Menlo Park supplier of customer-service software whose auditor has raised substantial doubt about (its) ability to continue as a going concern, says it decided not to give its chief executive, Michael Fields, a raise over the last two years. Instead it starting paying his rent, according to the company proxy file today.
Fields, who became chief executive in 2005, was paid Read the rest of this entry »
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 »
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