Symyx pays bonuses to senior execs months after layoffs begin, despite unmet performance goals(0)
Symyx Technologies of Santa Clara has paid bonuses to five senior executives despite the fact that targets under the company’s performance plan for the year were not met. Nevertheless, the board’s compensation committee “determined it was appropriate to provide a discretionary bonus to recognize performance by individuals,” according to a filing the company made today with the SEC.
The discretionary bonus payments come after the company began a 15 percent reduction in force in December.
Among those getting bonus cash were Read the rest of this entry »
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