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 »
The housing market in Seattle is proving to be a bigger concern than originally thought for Evan Kaplan, the new chief executive at iPass, the Redwood City developer of software designed to help mobile work forces.
When he signed on as CEO last November, among the benefits he was offered was up to $10,000 per month in temporary living expenses during the first six months of his employment. The arrangement was to end sooner if Kaplan 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 »
Texas Instruments said Thursday it is eliminating the use of “gross-up” payments made to reimburse its chief executive for individual income tax incurred when he uses a corporate aircraft for personal reasons, a step that is required by the board of directors’ “security policy”.
Previously the company would reimburse Read the rest of this entry »
Less than two years after a policy was approved to reimburse him for the use of his private aircraft on business trips, JDS Uniphase Chief Executive Kevin Kennedy sold his plane, according to the company’s proxy issued in advance of its Nov. 12 annual meeting.
The audit committee of the company’s board of directors approved the policy in June 2006. The policy limited the reimbursement to $2,100 per flight hour plus a 12.5% fuel surcharge rate. The policy limited the amount of reimbursement to $800,000 per year. The rates were established “following review of fair market rates applicable to the rental and use of similar aircraft.”
We could find no Read the rest of this entry »
It seems likely that whoever is elected president a week from tomorrow, there are some changes in store regarding the growing issue of health care — how to provide it to larger numbers and how to pay for it.
It’s a safe bet that the per capita costs will end up being less than what two directors on the board at Maxim Integrated Products cost in premiums for medical insurance coverage paid for by that company, according to a proxy filed with the SEC for its annual shareholder meeting held today.
Maxim offers medical insurance coverage to those board members who ask for it, which Bergman did last year. Cost to Maxim: Read the rest of this entry »
Ariba agreed this week to pay its new chief financial officer, Ahmed Rubaie, an additional $232,000 to reimburse him payments he has made “in connection with a rental agreement for his home in Boston,” which he vacated when after being hired by Ariba in July.
The payment covers Read the rest of this entry »
When LSI purchased Agere Systems in 2007, it agreed to maintain roughly the same benefits to former Agere executive for a period of two years with a plan to have a unified perquisite program for all executive officers in 2009.
However, last week LSI agreed to extend special benefits for an additional year for one former Agere executive, Andrew Micallef, who now serves as LSI’s executive vice president in charge of worldwide manufacturing, according to a filing today with the SEC. The benefits are related to his location in Singapore and are “intended to allow individuals receiving its benefits to work in a country other than their home country and experience a similar standard of living to what they could experience in their home country.”
What does that entail? For Micallef, the extra benefits include: Read the rest of this entry »
Symantec’s chief executive, John Thompson, joined an exclusive group of Silicon Valley chief executives whose companies now use aircraft they own or control for business use, according to the company’s proxy filed with the SEC Monday.
In May, Symantec entered into a “”dry-lease agreement” for an aircraft with a company owned by Thompson, under which it will pay Read the rest of this entry »
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